Family Financial Assistance. Inheritance.

Money dynamics exist in every relationship, couple, family and extended family. It is one of the most sensitive topics in people's lives. We all have varied attitudes to money and finance related matters. Differing attitudes to money create challenges and may become highly emotive. Diversity of family structures, including nuclear families, same-sex families, extended and step families, lone-parent families, no child families, reconstituted families, and grandparent families, can all become exceedingly complicated when money is involved. Partners may financially help each other, couples may help each other, married and de facto couples may receive access to funds from their partners, parents may financially help children, grandparents may help grandchildren, siblings may help siblings. Failure to properly document these transactions could lead to significant issues in the future. Monetary Disputes frequently arise regarding disparities in expectations, amounts gifted or borrowed and allocation of resources to various family members. These conflicts have the potential to severely impact mental well-being and may permanently sever familial bonds. Inheritance can be a complex and highly sensitive topic, often involving intricate legal, financial, and emotional considerations. Amid the loss of a loved one, anticipation of receiving an inheritance can lead to conflicts and tensions within families, especially if there are differing expectations or perceptions of fairness. Actual or perceived unequal distribution of inheritance can exacerbate existing tensions and lead to feelings of resentment and betrayal among family members. Disputes among heirs, perceived or actual unequal distributions, complex asset and trust structures, debts, liabilities or executor complications seem more common than not.