Living Inheritance: Pros, Cons, and What to Consider

Should you give your children part of their inheritance while you’re still alive? In this episode of Retirement With/On Purpose, host Trevor Lawson explores the concept of a living inheritance—what it means, how it works, and whether it might be right for your family. Drawing from an article, Pros and Cons of a Living Inheritance by Randy Fox, and real-world client experiences, Trevor walks through the potential pros like tax benefits, shared experiences, and meaningful financial relief, as well as important considerations like family dynamics, over-gifting, and preserving your own financial security. Tune in for practical insights on how to give intentionally, not just generously.

Pros and Cons of a Living Inheritance by Randy Fox.

For more information and resources, visit Trevor-Lawson.com.

Retirement With/On Purpose is hosted by Trevor Lawson and produced by Earfluence.

What is Retirement With/On Purpose?

A podcast designed to help retirees and those nearing retirement navigate finances and life planning with expert insights from financial advisor Trevor Lawson. Tune in for practical strategies and inspiring ideas to ensure your retirement years are purposeful, fulfilling, and truly your best chapter yet.

*Securities and investment advisory services offered through Osaic Wealth, Inc. member FINRA/SIPC. Osaic Wealth is separately owned and other entities and/or marketing names, products or services referenced here are independent of Osaic Wealth. Branch phone: [phone].