How to Wisely Invest a Big Inheritance

It’s a fantasy everyone shares — a relative you never really knew passes away after a long and fulfilling life, leaving you a massive inheritance you never saw coming. It’s not unlike the lottery fantasy that recently drove the nationwide Powerball to jackpot of over a billion dollars. For most people, that fantasy will never come… Read More »

Disinheriting Your Daughter-in-Law: An Unexpected “Dear Abby”

For generations, “Dear Abby” and “Ask Ann Landers” steered flustered folks toward sensible and socially savvy solutions for everyday problems. Most of those conundrums concerned love, neighborliness, and propriety. Occasionally, they’d tread ever so lightly in problems with the law. We recently came across a “Dear Abby”-type column in Canada’s MoneySense magazine. Its reader asked… Read More »

A Third of American Beneficiaries Squander Their Inheritances

There’s a tendency to think about inheritances like lotteries — you’re lightning-in-a-bottle lucky if you get one. That really isn’t true, though. Sure, multi-million-dollar estates don’t drop into unsuspecting relatives’ laps every day. But more modest estates can still represent a real gain for beneficiaries and their families, and those kinds of inheritances are bequeathed… Read More »