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WSJ Your Money Briefing

Don’t Delay Having the Talk About Family Inheritance

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.81.6K Ratings

🗓️ 10 April 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Planning in advance how inheritance will be passed down to future generations can help families avoid arguments and lost money. Wall Street Journal personal finance reporter Ashlea Ebeling joins host J.R. Whalen to discuss when to have the talk, and why the conversations aren’t just for the wealthy. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:22.1

Before we get into today's episode,

0:24.0

your money briefing is exploring what you need to know

0:26.0

to become a homeowner and sustain your home.

0:29.0

You can get early access to our series

0:31.0

buying a home and keeping it on W.S.J special access, available only for

0:36.8

W.S.J. subscribers.

0:41.8

Here's your money briefing. For Wednesday, April 10th. I'm J.R. Whelan for the Wall Street Journal.

0:50.0

Many families put off talking about inheritance thinking that it's taboo, but financial professionals say having the conversation sooner than later can avert money tensions down the road.

1:01.0

No matter what your wealth is, even if you don't think there's wealth there, there could be

1:05.4

some wealth in house, there's wealth in possessions.

1:08.3

The main point to the talk isn't just about dollars in estate planning documents it's about

1:14.0

your family it's about plans to give to charity education savings how these things

1:20.7

are important to your family we'll talk to Wall Street Journal personal finance reporter Ashley Eblin,

1:25.8

after the break.

1:26.7

The less your business spends the more margin you keep.

1:36.0

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...

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