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The inheritance effect - guidance to avoid the unintended consequences of estate planning on future generations
The International Family Offices Journal
Vol. 6 - Iss. 4 pp. 13–16
Jun 2022
In their article "The inheritance effect - guidance to avoid the unintended consequences of estate planning for future generations", Judy Lin Walsh and Steve Salley analyse the impact that inheriting a substantial amount may have on the young generation. They provide guidance for the senior members of the families as well as for practitioners, stressing the importance of preparing for the transfer of inheritance and that, besides addressing the legal and tax aspects, the greatest care must be devoted also to dealing with the emotional and psychological aspects.