Most people believe that receiving a large inheritance from a loved one would be life-changing. However, one study found that about a third of Americans who had received an inheritance eventually experienced a decrease or no change in their wealth. If you're expecting to receive an inheritance, here are 3 steps you can take to make it last.
You might not want to reject your inheritance out of respect for the individual who left you their assets in a will or trust. On the other hand, an inheritance may create unforeseen logistical or financial problems. Problems that you are unable—or unwilling—to shoulder.
In today’s interconnected world, individuals often find themselves with assets and interests spanning across multiple countries. From investments in foreign markets to properties overseas, the global citizen faces unique challenges when it comes to estate planning.
Your retirement account may be one of the most valuable things you own. Many people choose to name their children as the beneficiaries of these accounts. They think it is a way to easily transfer their wealth if something happens to them. But, that assumption is only partially true. Some factors make this type of transfer more complicated than you might think, especially if your child is a minor.
When creating an estate plan, it’s important to consider your beneficiaries very carefully.
Many people don't know where to begin when it comes to developing their estate plan. It's never too early to begin planning. We've broken down the basic ABCs to help create a plan that will ensure your wishes are met.
Nothing ignites family arguments like inheritance. If you plan to leave money to more than a few beneficiaries, for the sake of peace and your own emotional legacy, know how to divide the proceeds fairly.
