Several years ago, my 70-year-old father finally embraced the concept of wealth transfer. It fell to me, as facilitator of his estate, to discuss the topic with my siblings and coordinate my father's wishes with his financial advisor. I'll never forget the look of confusion on the advisor's face when I stepped through the door unannounced during my father's year-end financial update. He had no idea why I was there or what my intentions were.

I'm hardly the only adult child who's paid a surprise visit lately to his or her parent's financial advisor. Many advisors are starting to see clients' children show up at annual or semiannual planning meetings.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access