Updated Wednesday, October 22, 2014 as of 4:08 AM ET

Intergenerational Planning: Get Clients Talking Now

NEW YORK -- Clients and their children need to start talking about how to prepare for long-term care during retirement and inheritance before problems and conflicts arise – and advisors can help start the conversation. That’s the message Bob Mauterstock, CFP, delivered at IMCA’s New York Consultants Conference here on Monday.

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Comments (1)
"Mauterstock told advisors of one client who made the inheritance performance-contingent. The client's assets were divided based on their children's W-2, with the higher earners receiving a greater portion of the inheritance."

What a horrible approach to division of family wealth!
Should a schoolteacher receive far less inheritance than her investment banker brother? Should a stay at home mom or dad receive far less than another sibling simply because he/she wants to raise their children in a caring environment? Really?

Inheritance based upon purely W-S income reveals much, about this particular clients values.
Posted by THOMAS S | Wednesday, February 12 2014 at 3:33PM ET
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