Why Communicate About Inheritance?

Children who have had a lifelong feeling of being disadvantaged in comparison to their brother or sister; children who do not feel morally or financially supported by their parents; parents who do not agree with their children’s opinions and life choices; and so on. All these family disagreements, which might have been hidden or unspoken for a long time, are likely to come to light at the time of inheritance. To avoid such a situation, there is an effective response: communication.

Different talents mean different opportunities

Even if most parents want equal opportunities for their children, the children are not born with the same talents, abilities, or interests. Thus, they will not have the same opportunities in life. Maybe one child will need more support than another. Moreover, not only the children are different, but over time, the situation of the parents evolves too.

It is not uncommon that not only talents and abilities but also inheritance are unequally distributed. There are many deeper and more complex reasons that can justify such a division. Almost all of them are going back to the point that children are different and do not have the same starting point in life.

Different attitude is the first reason for communication within the family. 

Let´s talk about inheritance

In many families and relationships, money is a taboo subject. People prefer not to discuss it with friends, but it is also a delicate matter between partners, between parents and children, or between siblings.

Inheritance is an even harder issue. It is much more than money or a simple transfer of goods and assets. Along with the inheritance, we also receive a dose of feelings and affection. Family members inevitably regard their share of the inheritance as a symbol of the value they hold for the testator. It is evident that there are feelings involved that have to be revealed to each other.

Even though it takes a lot of courage, revealing the feelings is the second reason for effective communication between family members or heirs.

An open atmosphere is essential

It is necessary to say that communication is not equivalent to talking. Listening to the other person is at least as important as having a say. Moreover, the essential condition for mastering later communication on inheritance matters is to create an open atmosphere in the family from the very beginning. Children have to feel that, besides being allowed to express their opinions, they will also be heard and recognised.

Children often copy their parents’ behaviour. Parents who regularly communicate with their children, also on less obvious topics, set an open example and encourage their children to take the initiative in difficult and easier conversations.

The thing is that instead of more, rather effective communication is needed. Only the testator decides how many inheritance details he or she reveals to the children. Parents are therefore under no obligation to disclose all details. Moreover, they have every right to retain control of their assets.

Respecting the testator´s will is the third reason for communication within the family.

Communicating with family members is not always easy. Yet it is essential to build strong family relationships and avoid conflicts around delicate issues such as inheritance. Maintaining good relations with loved ones is the key to success. In the end, family is still the most important thing there is.