Helping Families Understand the Importance of The Emotional and Non-Financial Aspects of Wealth Transfer
Estate planning is both a practical and emotional process. Often with children and inheritance the idea of when and how to give our money away can make us feel uneasy. It evokes various feelings and highlights our relationship with money, our children and ourselves.
Nonetheless, in today’s world, the complexities of estate planning require the consideration of many different aspects. How to divide up assets between children, give away control, minimize tax liabilities, set up trusts and more. During this process, the emotional aspects – or the “soft issues” – of estate planning are often pushed aside or overlooked. Dr Lami helps with the emotional and psychological issues encountered when considering children and inheritance.
“Be careful to leave your sons well instructed rather than rich, for the hopes of the instructed are better than the wealth of the ignorant.” – Epictetus
For more information on Wealth Psychology or for help with the impact of wealth on your family or relationships please get in touch with Dr Lami here.