Whether to Discuss Inheritances with Adult Children

The linked article touches on whether one should discuss plans specifically with adult children.  This will vary for a number of reasons including what is the nature of the relationship and privacy concerns.  However, it is usually helpful to inform adult children that, at a minimum, plans have been made. (At least two people should be aware of where or how to access the plans should an immediate need arise.)  Because of the ability to change who we name as our agents or what will go where, it also is worth considering not getting too specific when sharing information in advance because who we select or the available options may change in the years ahead.  (For the document that names one’s health care agent – who will speak for us regarding medical decisions when we cannot – it is very important to go over one’s desires for medical treatment so that the selected person has a deeper understanding and you are confident that your wishes will be carried out.

https://www.wsj.com/articles/why-you-should-let-children-know-about-their-inheritance-11554391725?shareToken=staf05cdbd2b964edf84a4d0ed676d9aa0