Once you’ve committed to discussing your estate planning with your family, what should you share specifically? Should you detail the entire plan with them, or just an outline of it? Should you go into detail about who gets what?
The specifics of what should and should not be discussed about your estate will depend on your family, your circumstances, and your overall level of comfort with how much knowledge they possess.
You don’t necessarily have to violate your privacy, and there’s typically no need to reveal specific dollar amounts at this meeting.
One big caveat – if there’s anything in your plan that might stir controversy, concealing it now serves to invite conflict later. Thus, a good basic rule of thumb is to share as much as is necessary to get everyone on the same page.
Yahima Suarez, Esq.
Yahima Suarez, PA
Life Planning & Beyond
Yahima Suarez, J.D. Estate Planning for your Family