Many affluent clients hesitate to discuss their long-term financial wishes with the next generation. However, avoiding these conversations can leave inheritors struggling to navigate a challenging web of assets and legal issues alone, writes Mike Winstanley
Speaking about death and finances – probably some of the most difficult things to do. However, time and time again, issues arise for families once key members have passed on. Unfortunately, most are issues that could have been avoided if families just discussed them. Wealthy individuals are likely to have a myriad of advisers in place that discuss inheritance planning regularly and ensure a smooth succession, but what about the many high net worth families who don't? Many affluent individuals hesitate to discuss their long-term financial wishes with the next generation. However, av...
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