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Michael A. Milazzo, CLU, ChFC
Registered Principal LPL
The Meridian Financial Company
NEW ADDRESS
3535 West Legacy Park Drive
Southport, NC 28461-9369
Phone: 631-979-4223
Fax: 910-854-0002
Email: mikemilazzo.meridian@lpl.com
November/December 2026
Timing an Inheritance
Longer lifespans have transformed inheritances from profound, life-altering events into later-life financial supplements for heirs. This shift raises important questions: When should your heirs receive their inheritance—and how can you ensure it benefits them rather than burdens them?
Consider Lifetime Gifts
Estate planning isn't just about what happens after you die. Giving gifts during your life—directly or through a trust—can reduce estate taxes and help heirs now. For example, in 2026, you can give up to $19,000 per person each year without incurring gift or estate tax.Emotional Aspects to Weigh
Receiving an inheritance late in life can create problems for your heirs. It's not just about money—it also brings the pain of losing someone. Timing can strain relationships, and giving early can ease stress by letting loved ones enjoy their inheritance while you are alive.Involve Family
Now If you want to share your money wisely, involve your heirs in decisions now. Open conversations about money goals and family values can help everyone. This makes your heirs feel included and helps match your plans with their needs and dreams.Ultimately, aligning the timing and method of transferring your wealth ensures your inheritance is a meaningful benefit for your heirs, not a burden. Consider how proactive planning and involving your family can help your legacy have a lasting positive impact.
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