I'm a wealth advisor, financial therapist, and end-of-life doula. Here's how I tell my clients to talk about money transfer with their family.

"As a wealth advisor, I've noticed that my clients often have two reactions to meetings with me. They come out relieved, and even say "That felt like therapy." Or, they emerge worried that they shared too much. Money is really hard to talk about. So is death. It's no wonder that planning for inheritance is fraught for many families. That's why I decided to become a certified financial therapist in addition to a wealth advisor."

"Later, I became an end-of-life doula, a person who offers support to individuals and families when death is near. It seemed a natural fit with the work I was already doing, facilitating tricky conversations with Boomers and Gen Xers about wealth and legacy. There's no way to take emotions out of conversations about money. Instead, I take a dignified, person-centered approach when discussing wealth transfer with my clients. Here's what that looks like."

A senior wealth advisor combines financial advising with certification in financial therapy and training as an end-of-life doula to better support clients. Clients commonly feel relieved after planning meetings or worry they revealed too much. Conversations about money and death are emotionally charged and complicate inheritance planning. Emotions cannot be removed from discussions of wealth transfer, so a dignified, person-centered approach is used. Family leaders transmit tribal knowledge beyond the balance sheet, and loss of that knowledge can destabilize families. Legacy planning should be holistic and include life story projects to preserve nonfinancial inheritance.

Read at Business Insider