From the importance of supporting Black businesses to the logistics of funding Black banks, discussions about how Black dollars are spent is more prominent at kitchen tables and on social media. But there is more work to be done. Countless studies have shown how the lack of family financial planning, or setting up inheritances, has negatively impacted Black families.
Many people have received, or at least heard of folks who’ve received an inheritance, the act of passing down assets, things of value, to family members after a person passes away. But folks are often more likely to discuss other people’s financial situations than their own.