“[T]he conventional estate-planning process is extraordinarily good at documenting decisions without necessarily preparing anyone to live with them. Attorneys can establish trusts, financial institutions can record beneficiary designations and trustees can receive detailed instructions about distributions. None of that guarantees that a daughter understands why she was named executor, that a son knows where the accounts are held or that siblings understand why their inheritances may be structured differently.
“Timothy Habbershon, managing director and founder of the Fidelity Center for Family Engagement, describes creating a plan as only part of preparing a family for future transitions. The other part requires conversations about responsibilities, expectations and the decisions that will eventually pass from one generation to another.”
(continued)
● “Fidelity Finds The Missing Piece In Estate Planning Isn't Another Document,” The Wealth Advisor, 10/13/2026:
ARTICLE LINK: https://www.thewealthadvisor.com/article/fidelity-finds-missing-piece-estate-planning-isnt-another-document
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