In 2007, the Boston College Center on Wealth and Philanthropy embarked on a four-year study to take a look at the lives of wealthy people and how being affluent has impacted their lives, and those of their children, as reported…
At some point, families have to face the grim reality that they cannot care for a parent without help. Where that care is provided, and how skilled that care is, determines the cost. To have an aide come to the…
By now, the dorms are filled, and a new fall semester is underway. However, you can still take care of these often-overlooked details for your college student. If you were so busy focusing on the logistics of getting your student…
An Employee Stock Purchase Plan, or ESPP, allows employees to purchase stock in their company for a discounted price. Just don’t put all of your eggs in one basket. If you work for a company with an ESPP, you may…
We’ve all done it—reached into our handbag or into a pocket for a wallet that isn’t there. Was it stolen, did we leave it on a checkout counter or in a taxi? Did a pickpocket get it? What’s in your…
The Social Security Administration uses many factors to calculate benefit amounts for beneficiaries, and that includes marital status. Those who remarry late in life need to be aware of what could change as a result. This article from Investopedia’s, “How…
With big money, moguls, a lover with bad intentions and heirs seeking to gain control of an empire, the HBO series Succession borrowed a lot of juicy details from the real-life drama of Sumner Redstone. Forbes’s recent article, “What 'Succession'…
Given the sadness of the topic, it’s no surprise that most people don’t prepare for the loss of a spouse, reports a study from Merrill Lynch and Age Wave that was covered in USA Today’s recent article, “Before the death…
Mac Miller, an American rapper and music producer, died very young—he was only 26. Yet he had a will, and it showed that he had given considerable thought to avoiding the legal and financial snafus of much older artists, according…
The purpose of estate planning is to ensure that your property is distributed, according to your wishes. Without a will and other estate planning documents, there’s considerable room for things to go wrong. Trusts are one of the basic tools…