|
Trump-endorsed Ed Gallrein unseats Rep. Thomas Massie in Kentucky GOP primary NBC NewsKentucky House District 4 Primary Election 2026 Live Results: Massie vs. Gallrein, Strange vs. Brewer NBC NewsOpinion | Republicans? Certainly Seem to Want a King The New York TimesAnother Trump victory: Republican Rep. Thomas Massie loses Kentucky primary CNBC
|
|
Justice Department expands Trump settlement to cover his tax audits PoliticoDeal on Compensation Fund Blocks I.R.S. Audits of Trump and His Family The New York TimesTrump's $1.8 Billion Slush Fund Is Worse Than Stealing The AtlanticComey on DOJ anti-weaponization fund: 'I'm guessing I'll be in line' KATUBlanche faces Capitol Hill grilling on $1.8B ‘anti-weaponi
|
|
Xi Jinping and Vladimir Putin meet in Beijing days after Trump visit The GuardianXi and Putin meet in Beijing days after Trump's visit - follow live BBCHow Xi and Putin are trying to shape a polycentric world. Here's the takeaways South China Morning PostAs Putin visits China, distrust simmers beneath an anti-U.S. alliance The Washington Post
|
|
American passenger on hantavirus-hit cruise feels ‘blindsided' and ‘misled' by new quarantine orders CNNAmerican Hantavirus Patient Ordered to Stay in Quarantine Despite Plans to Leave The New York TimesOmaha Steaks, Nerf basketball and Hazmat suits: Former contagion patients describe life in quarantine amid Hantavirus NBC NewsUS health officials order quarantine for 2 passengers from cruise ship with hantavirus outbreak AP News
|
|
This "pennant" chart pattern warns that Treasury yields could be headed much higher. But an alternative scenario isn't so good either.
|
|
Trump's past tax returns get protection from IRS enforcement under 'lawfare' fund settlement CNBCI.R.S. Prohibited From Pursuing Audits of Trump and His Family The New York TimesUS government agrees to drop tax claims against Trump in broadening of IRS lawsuit settlement Chicago Sun-TimesBlanche faces Capitol Hill grilling on $1.8B ‘anti-weaponization' fund The Washington Post
|
|
Surging Bond Yields Add to Pressures Building for Fed's Warsh Bloomberg.comTrump says Kevin Warsh can set interest rates independently qz.comWarsh's arrival leaves long bonds without a safety net ReutersThe Economy Kevin Warsh Is Inheriting Is Not the One He Wanted WSJ
|
|
Senate advances anti-Iran war measure in surprise blow to Trump PoliticoSenate Votes to Take Up Measure to Force Trump to End Iran War The New York TimesUS Senate votes to advance resolution to curb Trump's Iran war powers The GuardianRepublican resistance to Iran war grows in the Senate as Murkowski flips AP News
|
|
Elon Musk said Sam Altman "stole" a non-profit — but the trial showed he had similar aims TechCrunchElon Musk Gets a Reality Check The AtlanticMusk's Failed OpenAI Lawsuit Underscores xAI's Struggles Time MagazineMusk loses in court, Home Depot earnings, DOJ's 'lawfare' fund and more in Morning Squawk CNBC
|
|
Using a new Gemini A.I. model, the tech giant is overhauling its search box dimensions to answer longer queries, adding a video-generation tool and simplifying online shopping.
|
|
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
|
|