459: An Estate Planning Alternative: Pros and Cons of a Living Inheritance
If you’re a parent, do you plan to leave your child/children an inheritance? While generally, this wealth transfers upon your passing, another option to consider is the concept of a living inheritance.
In this episode, we discuss:
- The impact of a living inheritance
- Why you need to have open dialogue about your estate plan with children
- How to strike a balance between transferring wealth today and in the future
- Gifting tax considerations
Today's article is from WealthManagement.com titled, Pros and Cons of a Living Inheritance. Listen in as Founder and CEO of Howard Bailey Financial, Casey Weade, breaks down the article and provides thoughtful insights and advice on how it applies to your unique financial situation.
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