In Estate Planning, Your Values Can Play a Key Role

Parents who want to maintain some control over an inheritance and promote their values after they’re gone can leave a portion, or all, of their estate in further trust.

A person stands on a dock watching the sun set over a lake.
(Image credit: Getty Images)

Being a parent of five independently minded and capable children who are now at the dawn of adulthood has been the most challenging endeavor that my wife and I have undertaken. The stress and late nights of conquering graduate school and building our careers pales in comparison to building a home for our family and helping our children reach their diverse goals. Learning to be good parents is the most important job that we will ever have, but the one with the least formal training. When newer parents ask us, “What is the secret sauce?”, we reply that clear expectations and consistent values are prime ingredients.

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James J. Ferraro, JD
Vice President/Legal Counsel, Argent Trust Company

James Ferraro is a vice president and trust counsel in the Shreveport, La., and Kansas City, Mo., offices of Argent Trust Company. Ferraro is a 2003 graduate of the University of Missouri at Kansas City School of Law, past president of the family and the law section of the Kansas City Metropolitan Bar Association, is a member of the Tax and Estate Planning Council of Shreveport and a Regional Ambassador for the Kansas City Estate Planning Symposium.