Beginner estate planning for millennials

Douglas A. Boneparth •
Investopedia Stock Analysis
Focused serious couple checking bills sitting together at kitche

Being wealthy is not a requirement for creating an estate plan. Neither is being old, retired, having a family or owning a lot of assets. If you are a Millennial, and you haven’t started estate planning, here’s how to get started. Why Millennials Should Begin Estate Planning Now If you have been avoiding estate planning, you are

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Estate planning answers for ‘hard’ assets like art, heirlooms

Grant Rawdin, CFP®, Founder, CEO, and J.D. •
Kiplinger
Printers tray oddments

As the baby boomer generation approaches one of the largest transfers of wealth in U.S. history, many people are focusing on how to facilitate the flow of their assets to their children, grandchildren and great-grandchildren. While passing along more liquid assets like stocks, bonds and cash can be straightforward, “hard” assets like property, art and

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Advice for family wealth transfers

Roger Wohlner •
Investopedia Stock Analysis

Money conversations between parents and adult children are difficult at best. Issues such as investments, retirement planning, estate planning wishes, and elder care are never easy. A study by Fidelity Investments entitled, Intra-Family Generational Finance Study, highlights some of the key issues involved. A lack of communication and planning can be costly to the family in

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Make sure your wealth serves your family, not the other way around

Daniel Scott •
Forbes

Shutterstock Families are complicated. Creating a system of governance to preserve family wealth for multiple generations is even more complicated. How complicated? Well, let’s just say that the current industry standard has a 70% fail rate. That is, if you employ traditional estate planning methods, there is a 70% chance that your family’s wealth will

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