On this episode:

What are the issues when making a Significant Financial Gift to Adult Children?

Elizabeth sits down with Julia Chung CFP, Senior Financial Planner at Spring Planning and Family Business Consultant at Trella, to talk about transferring family wealth to the next generation.

Julia raises a host of issues that need to be considered before making a financial gift to children. What kind of gift? (A house? A Business? Or just a Check?)

What are the tax considerations?

How does this gift fit into your financial plan?

How will this gift impact them socially and emotionally?

But most importantly is the conversation about money. Talking to adult children about finances is daunting, but must happen. Surprising them might sound like a great idea but might have lasting consequences.