I'm sorry you're dealing with this. Having a financially irresponsible parent creates real anxiety, and you deserve clarity so you can plan your own future. Here's the good news: You are not responsible for your father's debts when he dies. Period. Debts die with the debtor unless you've co-signed loans, have joint credit cards, or are a joint account holder. Don't do any of those things.
My husband and I are both 42 and work great jobs with high incomes. Between the retirement packages we have in place and my grandma's money, we'll have more than enough to ride out the 20 to 30 years we will hopefully have left if we retire at 65. The problem is our quality of life right now. My husband has a lot of
These young women are not thieves and they are not dishonest, Mr Winehouse. They have always been honest to you. They sold items that they owned that you knew they owned and that you were going to sell and you have said this to journalists out of nothing more than petty jealousy, because they happened to make a bit of money at the auction and you brought these proceedings for nothing more than petty jealousy as well. Do you have a response to that?
My brother and I inherited our mother's home, and my brother and his wife moved in. We had a gentleman's agreement that at some undetermined future time when my brother moves out, we'd sell the house, the cost of any home improvements made by my brother would be divided by half, and my potential rental income would be halved, too and settled upon the home sale.
Most of my friends and coworkers are struggling to pay exorbitant rent and grocery prices. Inevitably, the insane cost of living here comes up in conversation, and they want to discuss housing costs. Dear Grateful, I try to avoid the topic, but people tend to wonder how I can afford a house in our city, in a desirable neighborhood, on one (very modest) salary.
I don't want to come across as a mercenary, but I think it's sensible to talk about inheritance and their plans for nursing homes and end-of-life care
Looking out over the soot-covered ground of the Guinness plant, Rafferty wants answers. He's looking for the "men of poor judgment" who allowed "men of poor character" into the cooperage, and he knows that, given the chance, workers loyal to Guinness will snitch on those responsible for setting the stage for such a heinous act of vandalism. It's an effective bit of persuasion, one that finds Rafferty appealing to the esprit de corps the Guinness company has created
Instead of talking to her about your concerns which she may or may not share pick one part of her inheritance and ask her if she'd like your help in dealing with it. The van is probably the easiest place to start. Tell her that you've noticed she doesn't drive it, and you have some ideas about what to do with it, if she's open.
WWE legend Hulk Hogan's will has been brought to light, revealing what is to become of the $5 million fortune he left behind-six weeks after his death. Hogan died at the age of 71 inside his Florida home on July 24 after suffering a cardiac arrest. Despite leaving behind a fortune valued at $5 million, Hogan reportedly removed his daughter, Brooke, as a beneficiary in the will two years before his passing.
Some of the richest people in the world - Elon Musk, Jeff Bezos, and Mark Zuckerberg - made their fortunes in Silicon Valley. However, a new report in the Wall Street Journal suggests that most U.S. billionaires did not amass their wealth in tech. Instead, it's the banking and finance fields that have produced most of the country's super-rich. According to data shared with the WSJ from wealth intelligence company Altrata, there were 1,135 billionaires in the U.S. last year, up from 927 in 2020.
I can't offer any suggestions on what to do with the money if I don't know more information about someone's finances. The advice for managing the $800k Roth IRA and $400k money market account will be different if someone spends $5,000 per month or $20,000 per month. The Redditor is earning $40,000 per year, which comes to roughly $3,333 per month before taxes.
As parents age, siblings may face tough decisions about who will take care of them if they become infirm or frail. And then there's the matter of how the estate will be divided up when parents die. To say that disagreements crop up is perhaps an understatement. This potential for family friction has given birth to various customs. In the past, the eldest son often got it all.That's called primogeniture although it's no longer the way things typically play out today.
"I had enough money but not enough time." That's what my stepmom said, multiple times through her two-decade journey with metastatic breast cancer.
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Aidan believes that exposing his children to the challenges of managing wealth early on could lead to mismanagement, which is why he sets strict conditions for their inheritance.
