Having upfront conversations with your children around your will allows for an open line of communication surrounding a potentially uncomfortable topic, which can eliminate elements of surprise and help keep your family united after you pass.
When you discuss the reasoning behind your decisions with your children, you have the opportunity to answer any questions they might have. This gives your children a chance to communicate with you about their own concerns and interests, allowing you to gain access to a perspective you may not have considered—which can help you refine your decisions, or guide you in your future decision-making process.
Overall, people react best when they’re given the rationale behind big decisions; and if you’re able to give your children context in regards to your will, it can help to decrease any family conflict ahead of time.
Enjoy the peace of mind that comes with knowing that everything is taken care of, without any surprises for your family on the inevitable horizon.
Reach out to us with any questions you may have about your will and/or your estate planning, today.
Spire Advisors of Assante Capital Management Ltd.