This is a common client question, and the answer is that it depends.  For some, discussing finances with their family is natural and for others it would be like going to the dentist for a root canal. Each family is unique, but when done, can be very beneficial for the family. For an excellent discussion on the benefits of having such conversations with your children, see this September 22, 2014 article published in the Wall Street Journal: Five Reasons for Parents to Reveal Estate Plans