Inheritance realities: How likely are inheritances to be misused?
A few weeks ago, I wrote about talking with your heirs about money at various ages. Last week, I wrote about how to deal with financially irresponsible heirs and ways to protect them from themselves when it comes to inheriting your money. Since then, I have been asked...
Discussing money with your kids
In my day, we grew up hearing that it isn’t polite to talk about money or politics. While I think that still holds true in most instances, the one area where it may not be true, at least where money is concerned, is with your heirs. There is a difference between...
Preparing a road map for your loved ones
Part 3 of a series In my last article, I pointed out the importance of a clear plan for your loved ones. We discussed how a will creates peace of mind, reducing the risk of disputes among beneficiaries and easing dealings with financial institutions. That brings us to...
College planning after The One Big Beautiful Bill
The One Big Beautiful Bill Act clearly had an impact on many areas of financial planning, most notably retirement. There is another important area of planning that is affected by it as well: college planning. These changes can affect current and future borrowers as...
