How Do I Talk About My Inheritance With My Parents?

How Do I Talk About My Inheritance With My Parents?

Talking about your inheritance with your parents can be a delicate subject. It is important to keep in mind that this conversation may cause some discomfort for both you and them, as it touches on topics like death and wealth. However, it’s critical that you discuss the specifics of the inheritance with them to ensure everyone understands their respective roles and responsibilities.

Start by discussing why you are bringing up the subject. Be honest and tell your parents what triggered the discussion – perhaps you received a letter from an attorney or accountant about the estate, or maybe another family member mentioned something about it. Explain why it’s important to talk through these matters so everyone involved knows their rights, roles and obligations.

Then move on to the details, such as who will be responsible for administering the estate, what assets are available and how you plan to distribute them. Be sure to understand any tax implications associated with the inheritance so everyone understands their financial obligations.

Finally, show respect for your parents’ wishes regarding the handling of your inheritance. Ask for their advice on how best to manage it and thank them for helping you navigate this process.

The key is to have an open dialogue about the inheritance in a way that respects everyone involved while making sure all questions are answered and roles are understood. With thoughtful conversation, you can successfully talk through these matters and come away feeling comfortable.

Here are some tips that may help when talking to your parents about your inheritance:
  • Respect the conversation and be honest with one another
  • Be patient—it’s okay if some details take time to work out
  • Reaffirm that you will take their advice to heart
  • Ask questions and listen actively
  • Express gratitude for their guidance.

By taking these steps, you can ensure that communication is open and respectful, making the discussion around your inheritance both productive and beneficial for all involved. Good luck!

Get started today and download our Last Will and Testament

Back to blog

Leave a comment