Great wealth on a modest salary. It might seem like an oxymoron, but the tales of people leaving millions to charity on a grocery clerk’s wages are common enough that we’re not shocked by them anymore. Sylvia Bloom’s story is an example. In May 2018, The New York Times reported that Bloom left a $6.24… Read More »
Posts Categorized: Inheritance
How To Maintain Harmony Among Your Heirs
Sibling rivalry is as old as time. It was true in Cain and Abel’s case, and it’s true today. One area of sibling discord is inheritance, and as The New York Times recently reported, deciding how to divide assets is one of the most difficult things parents – you – have to undertake. When deciding… Read More »
What If Nobody Wants Your Stuff?
Are you a baby boomer who’s part of the generation of “super collectors”? Have you accumulated fancy dinnerware, furnishings, and decorative objects representing decades of style trends? The number of “family treasures” a person can collect over several decades can be overwhelming! Outside of items you purchased, have you held onto gifts from weddings, birthdays,… Read More »
5 Common Estate Planning Mistakes That Are Costly—And Easy to Avoid
Most people don’t like thinking about death or who will get what after they die. But refusing to take time to plan your estate can have costly tax implications. Proper planning will not only ensure your wishes are carried out, but prevent your family from losing a huge chunk of your assets unnecessarily—in some cases,… Read More »