Q. I will be leaving my eight grandchildren money in trusts and have certain stipulations and incentives I decided to include. I’d like to talk to them and their parents about it, but I am not sure how to broach the topic and have an effective conversation and keep family harmony. Do you have any […]
No Matter How Old He Is— He’s My Son and I’ll Take Care of Him!
Q. I read about a situation where a 98-year-old mom named Ada Keating moved into a senior home to help care for her 80-year-old son, Tom. As a single mom with a son, I could understand wanting to ensure your child is well cared for throughout his life, whether he is 8 or 80! I […]
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 children outright or is a trust a better option? Thanks for […]
Do Middle Class People Set Up Trust Funds?
Q. My mother is considering setting up trust funds for her grandchildren, hoping to give them a solid head start on adulthood when the time comes. She would like to provide them with guaranteed financial security later in life and help cover the costs of important life events, such as paying for college, a wedding, […]
Shocking New Study: Alzheimer’s Found in Children and Linked to Air Pollution
Amy took her daughter, Madison, to visit her grandmother in the memory care unit of the nursing home. Madison’s grandmother’s Alzheimer’s had progressed a lot since they last saw her. Madison was perplexed by the changes in grandma, and why they were happening. Being 8 years old and inquisitive, she asked lots of questions on […]
Explaining Death and Dying to Grandchildren
Dear Bebe, My mother has a terminal illness and won’t be around much longer. I have yet to tell my children, because I don’t know the best way to explain it. Do you have any recommendations on how to tell children that their grandmother is dying? Thanks for your help! Khan Versayshun — Dear Khan, […]
Virginia 529 Prepaid Education Plan Limited Time Open Enrollment: Plan Ahead for Your Child or Grandchild
We all dream of the day when our child or grandchild is accepted to college. From the time he or she is diapers, we begin planning for great things. We drive them to soccer, gymnastics, and music lessons in hopes that they are talented enough to earn a scholarship to college one day. Then the […]