|
Iran and US reach an initial deal to end the war and open the Strait of Hormuz but challenges remain AP NewsTrump Winds Down the War He Started With Goals Unmet The New York TimesIran agreement: Bad, BATNA or both? CNNIran US Peace Deal: Trump's Iran Truce Has the Hallmarks of Defeat Bloomberg.comTrump Celebrates While America Capitulates The Atlantic
|
|
Gas prices were just over the psychologically significant $4-per-gallon mark on Monday.
|
|
Vance calls his ‘childless cat ladies' comment ‘one of the dumbest things I ever said' NBC NewsJ. D. Vance Tells the Story of His Two Conversions The AtlanticVance's new book puts his Catholic faith at the center of his story — and his political future CNNJD Vance writes of journey to Catholicism in ‘Communion,' his first book since ‘Hillbilly Elegy' AP NewsChildless cat ladies, Christianity and other JD Vance book ta
|
|
President says 250th celebration on July 4 will be a ‘Trump rally' The Washington PostTrump says he'll headline July 4 rally in D.C. AxiosTrump announces July Fourth ‘TRUMP RALLY' on National Mall PoliticoInside America's Ugly Birthday Battle The AtlanticTrump promotes rally, martial music and 'historic' fireworks for July 4 USA Today
|
|
Rumour: Journalist Suggests Two Xbox Studios Are 'At Risk Of Being Closed' In 2026 Pure XboxMicrosoft Has Considered Spinning Out Xbox, Plans New ‘Halo,' ‘Fallout' Games The InformationNext 100 Days: XBOX Reset XBOX WireXbox Plans Significant Layoffs as New CEO Plans Overhaul Bloomberg.comInside Xbox's margin crush: A string of misses at Xbox Game Studios, misguided Game Pass decisions, and the memory ro
|
|
At G-7, allies plan for a world less reliant on the U.S. The Washington PostTrump Heads to Group of 7 as Allies Rethink Their Relationship With U.S. The New York Times‘An awkward family gathering': Trump and G7 leaders convene in France amid geopolitical divergences CNNWatch live: Trump, Macron meet at G7 The Hill
|
|
Live updates: US and Iran reach agreement but key questions remain CNNTrump Celebrates While America Capitulates The AtlanticWhy the U.S.-Iran Deal Might Work, and Why It Might Not The New York TimesU.S. and Iran announce a deal to end the war, reopen Strait of Hormuz NPRIran US Peace Deal: Trump's Iran Truce Has the Hallmarks of Defeat Bloomberg.com
|
|
Shipowners welcomed the agreement to reopen the Strait of Hormuz, but said they would need more security guarantees before resuming transits.
|
|
It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
|
|