Duration: 1:42
Managing Director Lance Gunkel shares insights about unequal inheritances in a family. Many parents elect to leave equal inheritance to each child. This is a simple and straightforward approach. But what if, in your family, equal isn’t equitable?
In this Finance Moment, Lance outlines some valid reasons why heirs might receive different and unequal amounts of inheritance such as equalization of past gifts or rewards for a caregiving child. Equity can be different for each family.
Unequal inheritances can harm family relationships even with the best of intentions. Find out some strategies for positive inheritance discussions so your family members don’t have to battle it out at the Thanksgiving table or in court.
Finance Moment…Syverson Strege’s mini-podcasts to provide rapid-fire information on financial topics of the day.