Dear Ms Wise, we are likely to leave about $7 million of assets to our kids – the family home, superannuation and a few shares. We plan to help them into the property market, but I’m concerned if we tell them what is in the will they will become financially complacent. – Greg
A; Many parents worry that revealing too much about their estate might discourage their children from building their own financial resilience, says Mary-Ann de Mestre, principal at M de Mestre Lawyers. But withholding too much can lead to unintended consequences – particularly after you’re gone.
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