Monday, February 8, 2016

This Week's Elder Care / Senior Care Article

TITLE: Are Smaller Inheritances a New Trend?


Written by:


Inheritances

Scott A. Makuakane, Esq., CFP

Est8Planning Counsel LLLC

Honolulu, Hawaii
An ElderCare Matters Partner & Hawaii State Coordinator




Due to demographic changes and changing economic fortunes, older Americans increasingly have to transfer money to their adult children to help support those children. Barron’s, in a recent article titled “Boomers Spend Their Kids’ Inheritance – On Supporting Them,” reports that intra-family transfers have increased significantly in the last few years.


The article is a good read for anyone interested in retirement and demographic trends.


For estate planning purposes, this trend could create some issues. For starters, if the money is being spent now, then it obviously cannot be part of the estate later and children might receive smaller inheritances than they are expecting.


What if one child receives more support from the parents while they were alive than another child? This could lead to bitterness and even fighting over the estate. This is likely to happen if the estate plan divides what is left between the children equally, even though one or more children received money along the way.


Parents who are helping to support their adult children now should speak with an experienced estate planning attorney about what that means for their estate plan.


No parent wants a family feud as his or her legacy.





21 “Mobile Friendly” Elder Care / Senior Care Directories


If you need help in planning for and/or dealing with your estate plan or with any Elder Care / Senior Care issue, you can find the professional help you need in one of the following 21Mobile Friendly” Elder Care / Senior Care Directories. These Elder Care / Senior Care – specific Directories are sponsored by the National ElderCare Matters Alliance, an organization of thousands of America’s TOP Elder Care / Senior Care Professsionals who help families plan for and deal with a wide range of Elder Care Matters.


  1. ElderCareMatters.com

  2. ElderCareMattersBlog.com

  3. ElderCareWebsites.com

  4. ElderCareAnswers.us

  5. ElderCareArticles.us

  6. ElderCareProfessionals.us

  7. ElderLawAttorneys.us

  8. EstatePlanningAttorneys.us

  9. FindDailyMoneyManagers.net

  10. FindElderCareMediators.net

  11. FindElderLawAttorneys.net

  12. FindEstatePlanningAttorneys.net

  13. FindGeriatricCareManagers.net

  14. FindHomeCareProviders.net

  15. FindLongTermCareInsurance.net

  16. FindMedicaidAttorneys.net

  17. FindProbateAttorneys.net

  18. FindSeniorLivingCommunities.net

  19. FindSeniorMoveManagers.net

  20. FindSpecialNeedsAttorneys.net

  21. FindVAAccreditedAttorneys.net

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This Week"s Elder Care / Senior Care Article

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