Excerpt from CNBC.com, published December 16, 2019
COMMUNICATION
It also is probably worth letting any pertinent family members — i.e., adult children, parents or siblings — know the general intentions included in your estate plan.
While you don’t necessarily need to go into dollar amounts, managing expectations can help avoid discord between your partner and any other family members.
“I always recommend that clients discuss these plans with family to avoid hurt feelings or missed expectations,” said Eric Walters, a CFP and managing partner and founder of SilverCrest Wealth Planning in Greenwood Village, Colorado.