A recent Reuters article explored the increasing phenomenon of parents delaying distribution of their loved ones inheritance – even after the parents have passed. I’ve seen this take place in my own practice – most parents are not comfortable with the idea of their children having full access to significant funds until after the age of 30. Even if the parents themselves were financially responsible at a younger age, as young adults in our society mature and marry at a later date, estate planning best practices reflect this new reality. In a previous blog post, I tied in this phenomenon to new research that shows that the decision-making skills of 20-somethings is still developing well into the late 20’s.
More Heirs Wait as Wills Dole Out Money Slowly
admin2017-02-23T02:04:13-08:00February 8th, 2013|