Agricultural Economics Department
Cornhusker Economics
Date of this Version
10-16-2024
Document Type
Newsletter Issue
Citation
Cornhusker Economics (October 16, 2024)
Agricultural Economics, University of Nebraska-Lincoln
Abstract
Provides a guide on how to effectively approach estate planning conversations with family members.
Effectively communicating an estate plan with unequal division of assets can be challenging, but approaching it with honesty, clarity, and empathy can help prevent misunderstandings and family disputes. Open, respectful dialogue—paired with thoughtful explanations and transparent documentation—ensures that your family understands your intentions and feels valued, even when tough decisions are involved.
Ultimately, your goal isn’t just to pass down financial assets, but also to preserve family harmony and, where applicable, secure the future of a viable business. By fostering open communication, you can create a smoother transition that reflects both fairness and your family’s unique circumstances.
Included in
Agricultural Economics Commons, Family, Life Course, and Society Commons, Finance and Financial Management Commons, Real Estate Commons