Money can bring out the worst in people. This is especially true when it comes to family estate planning where entitlement and inheritance impatience from adult children can put pressure on ageing parents and in some cases even tear families apart.
This is not a comfortable conversation for most people, but it is one that needs to happen early, and preferably in the company of a specialist financial advisor and estate planning solicitor.
MaryAnn De Mestre is a solicitor and legal academic who specialises in estate planning and succession law, and believes that getting these affairs in order early, will save a significant amount of heartbreak later on.
In this episode of The Business of Ageing podcast, we discuss how rising house prices and cost of living pressures have fueled the growing phenomenon of "inheritance impatience".
MaryAnn talks about how this has led to a sharp increase in elder financial abuse within families, but thankfully offers valuable advice on how professional planning, family alignment and the right documentation can safeguard older people who might be vulnerable to this all-too-common occurrence.
The Business of Ageing has been produced by Shaun Alexander of Pluss Communities.
To learn more about Pluss Communities click here
To learn more about MaryAnn de Mestre and M de Mestre Lawyers click here
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