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Inheritance

Why Giving Your Heirs A Test Run With Your Money Makes Sense

Steven Abernathy and Brian Luster | Posted 05.15.2015 | Fifty
Steven Abernathy and Brian Luster

Actively making decisions on even a small amount of money can be a valuable experience. How heirs make decisions and problem-solve as a group is at the heart of this exercise.

Americans Are Leaving Less Money In Their Wills, But Not For The Reason You Think

Buck Wargo | Posted 05.13.2015 | Fifty
Buck Wargo

Some 59 percent of working-age Americans expect to leave a financial legacy to their children, but less than a third report actually receiving one.

WATCH: Can You Inherit Stress?

Slate | Paca Thomas | Posted 05.08.2015 | World

A recent study from the University of Pennsylvania used 60 years of data on the snowshoe hare to identify stress as a major factor in the wildly varyi...

Inheritance Clutter

Brooks Palmer | Posted 06.22.2015 | GPS for the Soul
Brooks Palmer

My client talked about how she had inherited items from her brother and father when they passed on. She had gotten rid of some of these things over ti...

How to Prepare Heirs to Handle a Family Inheritance

Steven Abernathy and Brian Luster | Posted 06.21.2015 | Fifty
Steven Abernathy and Brian Luster

Say your grandfather is an excellent fisherman and he wants his heirs to be great at it, too. He could have his attorney write up a set of instructions. Or, if he really wants his heirs to learn how to fish, he could take them on a fishing trip to Montana every year for 40 years.

Who Gets Your Money?

Terry Savage | Posted 06.07.2015 | Money
Terry Savage

When you hear the word "beneficiary," you probably think of someone inheriting a lot of money -- the beneficiary of a will. But in reality the word covers a lot more than wills and estates.

What Warren Buffett Did For His Kids

Natalie Pace | Posted 06.06.2015 | Money
Natalie Pace

As you ponder what to do with your own tax refund, or how to pay less next year, now is a great time to make sure that your dough will get to your kids without them paying half (or more) to Uncle Sam in income taxes.

An Estate Administration Overview

Brad Reid | Posted 04.28.2015 | Money
Brad Reid

Estate administration involves the probate of the decedent's estate and typically includes three broad actions: (1) asset collection, inventory and appraisal; (2) collecting and paying debts and taxes; and (3) distributing the remaining assets to beneficiaries. This process may occur with or without a will and may occur subject to a probate court or outside a probate court.

The 5 Toughest Challenges of Inherited Wealth

Myra Salzer | Posted 02.20.2015 | Money
Myra Salzer

If you are ever in a position to inherit a large sum of money... or if somehow you find out you are a "beneficiary" of a trust... would you know what ...

What Is Your Legacy?

Katherine Meadowcroft | Posted 04.07.2015 | Healthy Living
Katherine Meadowcroft

A legacy should be deeply considered. It takes on immortality, and it is how we live on after death. If we think of our legacy as a gift, it places an emphasis on the thoughtful, meaningful, and intentional aspects of legacy. The consequences of what we do now will outlive us.

The Sad Mother's Ring

Elaine Ambrose | Posted 03.10.2015 | Fifty
Elaine Ambrose

After the funeral, the mortician handed me a small velvet pouch that contained my mother's jewelry: her favorite poinsettia earrings, a pearl necklace, and two rings. The first ring was a wedding ring my father gave her after she lost the original while working on the potato harvester. The second ring was a Mother's Ring she wore for 50 years.

Yours, Mine and Ours: Planning Stepfamily Finances

Jason Alderman | Posted 03.09.2015 | Money
Jason Alderman

Couples planning to blend families often have to make financial arrangements that respect previous relationships with ex-spouses and their families. Issues range from childcare and eldercare to potentially complex matters. That's why involving trained experts in stepfamily financial planning is a must.

How to Close the Racial Wealth Gap

Sean McElwee | Posted 02.21.2015 | Politics
Sean McElwee

Any presidential candidate should make the baby bond a central plank of their 2016 if they want to seriously address the problem of wealth inequality. Without such a proposal, wealth, and therefore political power will become increasingly concentrated in the hands of a small elite.

A Gates Plan for Eliminating Student Debt

Chuck Collins | Posted 01.14.2015 | Politics
Chuck Collins

The Greatest Generation after World War II was created not only by their own grit, but also through major public investments in their prosperity. A similar investment is required for the next generation to rise to their full potential. Why should our greatest generation be behind us?

10 Surprises When Inheriting Real Estate

Andrew Lieb | Posted 12.31.2014 | New York
Andrew Lieb

Following the death of a loved one, you may become the recipient of an unexpected parcel of real estate. Yet, with every windfall comes great obligations, so be prepared for the surprises you may encounter when inheriting property.

The Top Financial Concerns of the Urban, Educated Millennial

Michael Ruderman | Posted 12.23.2014 | Money
Michael Ruderman

You shouldn't make any decision, particularly a financial one, without seeing the big picture. If an inheritance is in your future, it's best to know it's coming and be able to prepare for it. This might involve some awkward conversations, but it's worth knowing what might be left for you.

What To Do When You Inherit Your Parent's House

Next Avenue | Craig Venezia | Posted 10.20.2014 | Fifty

SPECIAL FROM Next Avenue By Craig Venezia Boomers stand to inherit upwards of $27 trillion over the next four decades, according to The Center o...

You've Inherited An IRA -- Now What?

Carrie Schwab-Pomerantz, CFP | Posted 12.01.2014 | Money
Carrie Schwab-Pomerantz, CFP

An inheritance can bring up conflicting emotions, placing the positive of financial gain against the sadness of losing a loved one. Complicating the situation further, certain inheritances -- such as an IRA -- are more difficult to sort out than others.

Old Tycoons, New Moguls

David Drake | Posted 11.29.2014 | Money
David Drake

Although family offices have existed for more than a century, many are unfamiliar with the services they provide, because of the high level of confidentiality their clients demand.

Preventing Common Inheritance Disputes

Brad Reid | Posted 11.23.2014 | Money
Brad Reid

Disputed inheritances produce tragic family divisions. Preventive measures, a few of which are outlined below, may avoid many common issues. Always co...

Marriage Equality, a Road to Freedom

James Peron | Posted 11.15.2014 | Gay Voices
James Peron

Taking away the power to forbid same-sex marriage frees people from lots of government interference. In reality, what so many assume is perfectly backwards. Marriage reduces state interference in a person's life; it does not increase it.

What Einstein Taught Me About Death: 5 Reasons to Write a Will Today

Steve Mariotti | Posted 11.08.2014 | Money
Steve Mariotti

Whether you are looking to ensure your children's safety and future, or dictate how much of your earnings go back into the tax system, writing a will is an essential action and we can all benefit from taking advice from a genius like Einstein here.

Will Your Kids Inherit Your Debt?

Jason Alderman | Posted 11.03.2014 | Money
Jason Alderman

The short answer is, not in most cases. But there are situations where someone could be legally responsible for paying off your bills after death. Plus, aggressive creditors have been known to coerce heirs into paying off debts for which they're not responsible, just to be left alone.

Philanthropy As a Family Affair

Epaminondas Farmakis | Posted 10.25.2014 | Impact
Epaminondas Farmakis

According to Forbes magazine, we are currently living in an era commonly referred to as the "Golden Age of Philanthropy." The number of family found...

Sudden Wealth From An Inheritance?

David A. Dedman | Posted 09.23.2014 | Money
David A. Dedman

When you inherit money it usually accompanies a very emotional time. You may be still grieving over a lost relative or friend. Sometimes the sudden wealth from an inheritance can create even more stress in your life.