Trust & Will Report: Many Americans Avoid Discussing Inheritance
A new survey by Trust & Will reveals that one in four Americans has never discussed inheritance with their family. The study, based on responses from 5,000 U.S. adults, found that people are more likely to avoid discussing estate planning during joyful occasions like birthdays or Christmas than at funerals. The data shows a significant gap between expectations and reality: nearly half of Americans expect an inheritance they have not formally discussed with the person leaving it behind. Additionally, 12% anticipate inheriting debts rather than assets. The report also highlights that women are more likely to initiate these conversations but often lack knowledge about where estate documents are stored. Trust & Will's findings challenge common assumptions and suggest a need for families to address inheritance on ordinary days instead of waiting for holidays or special events.
