When it Comes to Money, Know Who is Driving: Your Money Types will Assist or Derail Financial Conversations

When it Comes to Money, Know Who is Driving: Your Money Types will Assist or Derail Financial Conversations
"Valerie" (not her real name to protect her privacy), newly engaged to Bob who has two children from his prior marriage, is meeting with Bob and his long time male estate-planning attorney. The attorney and Bob are talking about possible structures to use to avoid taxes and protect his key concerns as they relate to his children and begin...
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What to do When His Grown Children are Afraid You're a Gold Digger

[Note: This article first appeared in Emily Bouchard's "On The Money Column" in StepMom Magazine]

The pervasive cultural label of a stepmother being an untrustworthy gold digger often leads to legal battles and destruction of family ties. There are some key communication strategies professionals use successfully with stepfamilies to avoid these outcomes.  One such professional is Liz Oakley, who has worked in the estate planning field for the last 11 years.  Oakley has seen it all – from irate family members with accusatory claims to many innocent and weepy stepmoms. Oakley says: “It is all too often a case where no amount of evidence will change anyone's opinions. I've found that families who keep the communication lines open, and who can discuss their problems like adults, often reach some kind of a mutual understanding of the other party. That's very important in reorganized families, keeping the communication lines open."

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Money Types will Assist or Derail Financial Conversations"Valerie" (not her real name to protect her privacy), newly engaged to Bob who has two children from his prior marriage, is meeting with Bob and his long time male estate-planning attorney. The...
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