Do my kids have to know what I’ve decided to leave them in my estate plan?

From a technical standpoint, there is no requirement for the children to see or be involved with your estate plan. We do think that it is important that your family know you completed your estate planning. In the event of illness or death, it is important that they know you did your planning and who to contact. Also, in some situations, we offer and encourage families to have a family meeting to discuss estate plans and how things will work after your passing. Usually in those meetings we discuss the mechanics of how the plan will work, and do not typically disclose the specific bequests or amounts of those bequests. If, however, there is considerable wealth being passed along to another generation, we often suggest some counseling with professional wealth counselors to help families learn how to discuss these delicate issues.