Should Your Financial Advisor Get Involved in Family Conflicts?

As an objective third party, your financial advisor could offer insight into financial issues to lessen conflict, but they’re not a mediator.

An adult daughter and her father have a disagreement while in a coffee shop looking at a laptop.
(Image credit: Getty Images)

We all know a financial advisor will help you and your family plan for your financial future. But naturally, with families come emotions, and with emotions come complexities.

The undeniable reality is that every family has conflict at some point. When you think about your family’s estate plan, existing conflicts can significantly impact how you approach wealth transfer and the roles individuals play within the family enterprise.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Elizabeth Chand, Esq.
Head of Family Office Resource Generalists, Morgan Stanley

Elizabeth Chand is a Family Office Resources Generalist for Morgan Stanley’s Family Office Resources. Elizabeth provides specialized expertise to Financial Advisors and their UHNW clients, educating and advising across a broad spectrum of family wealth management concerns, including customized asset allocation and portfolio construction, strategic estate and financial planning, philanthropy management, family governance, wealth education and lifestyle advisory.