Shomari Hearn is Palisades Hudson’s executive vice president and chief operating officer. He’s also a dad with an adult child of his own. In the firm’s book Looking Ahead: Wealth, Family, Wealth and Business After 55, Shomari wrote a chapter focused on how to have conversations with adult children — and other family members — about your financial plans. This episode covers that advice, as well as widening the scope of the discussion. Shomari tells host Amy Laburda about tricky decisions about how best to assist or support adult children or grandchildren; ways to prepare family members who might receive significant assets after your death; the pros and cons of intrafamily loans; and much more.