Your Money: Should you tell your children how much you have?

Families across America are preparing for one of the largest wealth transfers in history. Yet research consistently shows that most failures in passing wealth between generations have little to do with investment mistakes or tax inefficiencies. They are about something far more human: a lack of trust and communication.

That reality leaves many parents with a difficult question: Is it wise to share personal financial information with my adult children? The answer isn’t a simple yes or no. Rather, it depends on timing, maturity, and the way you handle these often-sensitive conversations.

For many families, openness about money provides clear benefits. Children who are introduced early to financial concepts tend to become more confident and capable stewards of wealth later in life. Studies