When your heirs sort out your estate, they’ll get no directions from you – unless you planned well for one of life’s most emotional moments. Let your loved ones grieve (someday) without rancor. Specify what you want before it’s too late.
Trusts and Estates
It’s a quintessential question: Can money buy happiness? The answer is: Yes, if it goes for the right things. Academic research shows that money buoys your happiness if you spend it on charity or other generous works and on buying experiences rather than things.
One of our nation’s iconic religious figures has some very good advice for retirement. Most retirement guides talk about the money aspect. Billy Graham addresses how you will feel about retiring.
Women can face major financial changes, from a booming business to the death of a spouse. Here are specific transitions that bring additional financial challenges, and how to cope.
Are you one of the many people in a family where you or your partner (or both) brought children from a previous relationship? In such so-called “blended families,” your death might enhance the conflicting emotions and competing interests that ignite inheritance feuds.
Boosting the tax on inherited wealth is a perennial goal of some politicians. And while the White House’s latest plan to boost the levy on estates faces a dim future in a GOP-controlled Congress, the concept will continue to pop up. There’s a lot wrong with this idea.
You want to leave money to your heirs. When you do so, you don’t want to pay any more to Uncle Sam than necessary. Here’s what to know.
Families inherit money and sometimes make the right moves investing and spending. Inheritances can also ignite disruption, divorce and a host of bad behavior far from the hopes and plans of the benefactor. What happens when you leave what’s probably one of your biggest investments: your individual retirement plan?
First, a couple of other ways exist to protect the interests of your individual beneficiaries when leaving a fixed-dollar amount to charity from your estate.
Too often in the world of wealth management, estate planning is about splitting up the money after people are gone. I think this is too bad. For me, leaving a legacy of wisdom and love is more important than leaving money.