Dear Raider,I want to talk about Estate Planning and inheritances with my family, as I believe that these are important topics. But before I do so, I want to get my family to communicate better in general. My husband brings … [Read more...]
Print This PageHow Should You Discuss Trusts, Inheritances, and Stipulations with Children and Grandchildren?
August 20, 2024 by
Q. I will be leaving my eight grandchildren money in trusts and have certain stipulations and incentives I decided to include. I’d like to talk to them and their parents about it, but I am not sure how to broach the topic and have … [Read more...]
Print This PageSay Goodbye to the Burdens of Timeshare Ownership
May 24, 2024 by
Q. I recently read in your article “Top Ten Things Your Children Want You to Leave Them and the Top Ten Things They Don’t Want” that the number one thing not to leave to a child or grandchild is a timeshare. You refer to a … [Read more...]
Print This PageTop 10 Things Your Children Want You to Leave Them and the Top 10 Things They Don’t Want
May 21, 2024 by
When considering what to leave your children or grandchildren, many of you hope to pass on love, wisdom, financial abundance, and maybe a few precious family heirlooms. However, despite your best intentions, while there are some … [Read more...]
Print This PageAre Large Inheritances Damaging to the Next Generation? Some Celebrities Think So
April 4, 2023 by
Some high net worth individuals, including some celebrities, are increasingly worried about how much of their fortunes, if any, to give to their kids. A couple years ago, CNN host Anderson Cooper announced that his son, Wyatt, … [Read more...]
Print This PageIs a Family Caregiver Entitled to Compensation from an Estate for Their Caregiving Services?
August 5, 2022 by
Q. I am the trustee of my parents’ trust. They have now both passed away. My brother helped perform minimal long-distance caregiving for them over the last five years, and he spent about a year and a half toward the end as a … [Read more...]
Print This PageA Not So Happy Mistake Leaves Bob Ross’s Son with Nothing
September 21, 2021 by
Star Trek fans will surely remember Lieutenant Uhura, the communications specialist aboard the Starship Enterprise. Her role was played by Nichelle Nichols, who is currently embroiled in a highly-publicized … [Read more...]
Print This PageWhen You Inherit Unexpectedly
October 23, 2020 by
Q. When my sister-in-law, Erin, got her 23 and Me results in the mail a couple years ago, she was surprised to find out that she is Scottish, Irish, German, and almost a quarter Native American. Since then, she has connected with … [Read more...]
Print This PageCritter Corner: Should We Leave Our Money to Our Children Outright?
August 21, 2020 by
Dear Magic,My wife and I are planning to do our estate planning soon. We want to leave our money, property and valuables to our children. They are teenagers now. What’s the best way to do so? Should we leave our money to our … [Read more...]
Print This PageCritter Corner: Protecting Our Daughter’s Inheritance If She Gets Divorced
July 31, 2020 by
Dear Magic,Our daughter got married a couple years ago, but she doesn’t seem happy. Her husband goes out a lot, drinks too much, and gambles regularly. He also spends nearly every dollar he brings in. We have a sizable … [Read more...]
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