As parents, we're responsible for training our children in all areas of life, including the financial area. With such healthy communication, the family conference enhances family harmony. Communicating early avoids bitterness that may be generated over money decisions. Second, the family conference is for child training. It's an opportunity for Mom and Dad to begin training their children about budgeting, investment, estate planning, and other financial responsibilities.
Children observe their parents modeling and implementing wise financial stewardship.
Mom and Dad can explain to their children their current plan and shy it is set up the way it is. Together, the family can discuss amounts to be given to specific charities. Reasons for equal or unequal, distribution to the children can be explained. Children can be honest about their feelings regarding the amounts their parents are leaving to them. For example, many Christians may improperly believe just because they have four children, their estate should be split equally among them.