Are Large Inheritances Damaging to the Next Generation? Some Celebrities Think So  

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...]

Is a Family Caregiver Entitled to Compensation from an Estate for Their Caregiving Services?

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...]

A Not So Happy Mistake Leaves Bob Ross’s Son with Nothing

 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...]

When You Inherit Unexpectedly

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...]

Critter Corner: Should We Leave Our Money to Our Children Outright?

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...]

Critter Corner: Protecting Our Daughter’s Inheritance If She Gets Divorced

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...]

How to Downsize the Right Way

Q. My husband and I became empty-nesters when our son and daughter moved out and started families of their own. We will be selling our home and moving to a condominium in a senior living community in a couple of months. I admit … [Read more...]

Critter Corner: I Don’t Want Your Vacation Home, Mom!

Dear Commander Bun Bun,My mother just did her estate planning and she told me she will be leaving us her vacation home. My father is deceased, and I am an only child. Despite her generosity, my family doesn’t want the home, … [Read more...]

How to Survive Adult Sibling Conflict Over Elder Care, Inheritances, and More

Q. Last week, my sister, my brother, and I traveled with our families to visit our 82-year old mother for Thanksgiving (I didn't have to go too far, since she lives ten minutes away!). Although mom says she is “just fine,” we … [Read more...]

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