Living Inheritance: Pros, Cons, and What to Consider
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Living Inheritance: Pros, Cons, and What to Consider
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Should you give your children part of their inheritance while you’re still alive? In this episode of Retirement With/On Purpose, host Trevor Lawson explores the concept of a living inheritance—what it means, how it works, and whether it might be right for your family. Drawing from an article, Pros and Cons of a Living Inheritance by Randy Fox, and real-world client experiences, Trevor walks through the potential pros like tax benefits, shared experiences, and meaningful financial relief, as well as important considerations like family dynamics, over-gifting, and preserving your own financial security. Tune in for practical insights on how to give intentionally, not just generously.
Pros and Cons of a Living Inheritance by Randy Fox.
For more information and resources, visit Trevor-Lawson.com.
Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.