How to talk to your family about money
For many families, money is still a taboo topic. Whether it’s inheritance, property, business succession or everyday financial habits, these conversations can be difficult to start – but they’re too important to avoid.
HERE ARE A FEW WAYS to open up meaningful, productive conversations across generations.That’s where our expert advice came in.
1. Start with shared values
Begin by talking about your goals, hopes, and the legacy you’d like to leave. Framing it in terms of values – rather than numbers – can make the conversation less intimidating.
2. Make it practical, not emotional
Rather than discussing “who gets what”, focus on things like wills, power of attorney, or gifting plans. Practical steps like these make the process less about feelings and more about preparation.
3. Bring in the next generation early
Whether it’s introducing children to saving and investing, or preparing them for future responsibilities, including them early builds confidence and clarity for the road ahead.
4. Use a planner to facilitate
As financial planners, we often act as neutral guides in family meetings – helping align everyone’s understanding, clarify the facts, and explore options together.
Money conversations don’t have to be daunting. With the right support, they can be constructive, reassuring, and even bring families closer together.
We’re here to help you start the conversation – and make a plan that supports your family for the long term.
