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A ‘money talk’ be the best gift to give your family this holiday season, experts say

Fortune LogoFortune12h ago

A ‘money talk’ be the best gift to give your family this holiday season, experts say - Fortune

Quick Summary:

She suggests talking about their values, goals, and how money can be a tool to live the life they aspire to.“A well crafted estate plan should include heirs.

Having a conversation around the holidays—or another time that’s easy to schedule—can be a good idea because emotions won’t be as heightened as they typically are in the aftermath of a death or other type of family emergency, when many have them because there is no other choice.

And it’s especially important ahead of the great wealth transfer, or what financial experts are calling the coming exchange of $84 trillion in assets from older generations to younger ones over the next few decades.


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Article Details

Author / Journalist: Alicia Adamczyk

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-28 @ 12:00:00 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 11 words

Reading Time: 1 minutes read

Sentences: 33 lines

Sentence Length: 1 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 23918968

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Official Website: fortune.com

Update Frequency: 34 posts per day

Year Established: 1929

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News Last Updated: 9 hours ago

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Publisher ID: #95

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