Should Adults Ask Parents for An Inheritance?

A sticky subject for some to talk about is money, particularly when it involves family.  Inheritances, or the lack of an inheritance, can be even more frustrating.  Do you want to talk about an inheritance now, when your mom or dad are having a Florida revocable trust created?  Or do you want to wait until they are gone and let the Florida probate lawyers do the talking?

Why Don’t People Talk About Inheritances with Parents?

• Do you know how much money could be saved in probate litigation costs if families sat down and talked about inheritances?
• Sometimes, people don’t want to “ask” mom or dad for money and what ends up happening is they “talk” through Florida estate lawyers when mom or dad die….. in a Palm Beach probate

New Study on Inheritances….Could this lead to fewer Palm Beach probate lawsuits?

• Check out the new UBS study on inheritances and talking, or not talking, about what you are going to inherit.
• With estate litigation being a growth field, it may make sense for you to talk to your parents about their Florida estate plan and what they have in mind for their Palm Beach probate.
• Who’s in charge?  Who is the executor of the will?
• Who is the trustee in Florida?

Now, the question becomes…. What’s the best way to do this?

Here is the link to the UBS Study about talking about an inheritance, online: http://www.ubs.com/us/en/wealth/misc/investor-watch.html

Here is the link to the free online story about talking to your folks about an inheritance by Dan Torbeck of www.Cincinatti.com:  http://www.cincinnati.com/story/money/2014/08/23/inheritance-process-go-smoothly/14489523/