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Educational Resources

By Jeffrey R. Wolfe, Senior Vice President, Manager of Wealth Planning Strategies

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So Sunday, September 8 is Grandparent’s day, a day recognized by a proclamation by President Carter in 1978, “To honor grandparents, to give grandparents an opportunity to show love for their children’s children, and to help children become aware of strength, information, and guidance older people can offer”.[1]  For 2019, according to, this year’s theme is “Dig In!  Bringing generations to the table.”  They recommend sitting down and having a family meal to engage multiple generations in conversation.

With this in mind, if you are a grandparent, use this as motivation to have a family dinner to discuss your experiences and expertise that you can pass down to your successor generations.  You can remind your children and your grandchildren that the dinner table, and not a text, used to be the primary way families shared information of the day.

From a financial perspective, you may also consider using this time to share your long-term financial plans with your family.  Many feel apprehensive about such financial conversations with loved ones but preparing yourself and your family for what lays ahead can be invaluable.

In this discussion you can consider sharing details about your estate plan, or at least where your family should start looking for important documents and contact information should something happen to you.  You may even consider discussing possible inheritance plans.  There’s no need to share specific dollar amounts or specifics about the plan, but you may find the more you share now the easier the transition may be later.

For help in initiating and conducting such a meeting, speak with your Benjamin F. Edwards financial advisor about a strategy piece available to you called “Conducting a Family Meeting About Finances”.  While the most important part of Grandparent’s day may be sharing quality time with your family, it’s also a great time share these important details as well.


This piece is intended to provide accurate information regarding the subject matter discussed. It is made available with the understanding that Benjamin F. Edwards & Co. is not engaged in rendering legal, accounting or tax preparation services. Specific questions on taxes or legal matters as they relate to your individual situation should be directed to your tax or legal professional.


September 6, 2019 |