Guided and open family discussions can facilitate smoother wealth transfers.

Receiving an inheritance should be more than a transaction. After all, it’s not just about money. It’s about values and legacy.

Advisors can play a critical role in helping clients truly support the financial stability of future generations and ensure family cohesiveness. Yet, clients often shy away from the thorny decisions involving passing wealth from one generation to the next, says Cassandra Cross, a wealth advisor with Nicola Wealth Management Ltd. in Calgary.

“I’ve seen families avoid conversations about money until a triggering event forces them to,” she says. “There is typically a disconnect between transferring wealth and preparedness.”

Given that $1-trillion is expected to pass to the next generatio

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