Preparing Heirs for Inheritance

Obviously financial plans are important for your high-net-worth clients success on passing their wealth to their heirs. But, most heirs fire their parents’ advisors, according to our sister publication, Trusts & Estates. They simply don’t consider the FAs to be their “own.” Here are steps to prepare heirs for their coming inheritance to help ensure a successful transition and to help keep the inheritors’ business.

Obviously financial plans are important for your high-net-worth clients success on passing their wealth to their heirs. But, most heirs fire their parents’ advisors, according to our sister publication, Trusts & Estates. They simply don’t consider the FAs to be their “own.” Here are steps to prepare heirs for their coming inheritance to help ensure a successful transition and to help keep the inheritors’ business.