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Inheritance

I'm a multimillionaire, but I'm not leaving my kids any cash inheritance. I think it would be a mistake to make them wealthy.

Fri, 09/27/2024 - 05:52

George Appling smiling and sitting at a restaurant. — George Appling had $1 million in the bank by the age of 36.
Courtesy of George Appling

Parenting, as-told-to, Parenting, parenting-freelancer, Millionaire, Inheritance

An oil tycoon sold his company for $26 billion this year — but died before the deal closed

Thu, 08/22/2024 - 06:20

Autry Stephens, founder of Endeavor Energy oil company — The late Autry Stephens founded Endeavor Energy.
Endeavor Energy

finance, energy, trending-uk, finance, energy, autry-stephens, endeavor-energy-resources

I inherited $250,000 from my grandmother and regret how I spent it. I wish I had overcome my fears around money sooner.

Thu, 08/22/2024 - 05:05

Sara Faith Jacobsen.

Courtesy of Sara Faith Jacobsen

finance, as-told-to, BI-freelancer, Inheritance, money, life-insurance, wills

The Hermès heir who planned to leave billions to his gardener now says his fortune is gone

Wed, 07/31/2024 - 09:35

People walking past an Hermès storefront. — An Hermès storefront in Hong Kong.
SOPA Images/Getty Images

Retail, hermes, Inheritance

A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.

Sun, 07/28/2024 - 07:44

Tech Insider : Economy

Woman shopping — Images By Tang Ming Tung/Getty Images

economy, personal-finance, Inheritance, baby-boomer

Boomers who want to transfer wealth to their adult kids should make sure their finances can pass a stress test

Thu, 07/25/2024 - 19:31

Tech Insider : Economy

Man taking a photo of woman near the ocean — Financial planners say baby boomers need to make sure they're financially set before passing down wealth.
AscentXmedia/Getty Images

economy, baby-boomers, financial-planning, Inheritance

I'm a millionaire, but I'm only leaving my kids a small inheritance. I want them to earn their money like I did.

Sun, 07/21/2024 - 05:32

Payam Zamani and his family at a restaurant, sitting in a booth and smiling at the camera. — Payam Zamani arrived in the US with only $75 and is now a multimillionaire.
Courtesy Payam Zamani

Parenting, as-told-to, Parenting, parenting-freelancer, Finances, Budget, Millionaire

Inheritance can tear families apart. A financial therapist shares 3 ways to manage conflict.

Sat, 07/13/2024 - 05:00

Two comic-book like illustrations of women covering their eyes in front of dollar bills. — Inheritance can bring up guilt, shame and resentment in families.
Rebecca Zisser/BI

Real Estate, contributor-2024, Inheritance, Family, financial-literacy

Spouses — mostly women — could inherit $9 trillion from their partners in the next 25 years

Fri, 07/12/2024 - 01:41

Tech Insider : Economy

Women's economic power is going to change as Baby Boomers transfer their wealth to milennial women. — Women's economic power is going to change as Baby Boomers transfer their wealth to milennial women.
We Are/Getty Images

economy, Women, wealth-transfer, Inheritance, ubs, ubs-research

Boomer dad, who is 6 months away from retirement, has already started gifting his Gen X and millennial kids their inheritance

Wed, 07/10/2024 - 19:32

Tech Insider : Economy

An older couple enjoying a cup of coffee on their deck overlooking the mountains — More boomers are proactively transferring their wealth to their adult kids.
Jordan Siemens/Getty Images

economy, baby-boomers, wealth-transfer, financial-planning, Inheritance

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