Ensuring Success in Wealth Transfers
Many estate plans and wealth transfers fail, not because of technical problems with their design but because family dynamics and communication problems get in the way. It is crucial for beneficiaries to be ready to receive wealth transfers. Otherwise, the best-laid inheritance plans of wealth creators and their attorneys will not succeed. This article discuss these issues for both advisors and clients.
James Grubman, Ph.D and Kathleen Burns Kingsbury, LMHC, CPCC. IMCA, 2010