|
U.S. Ukraine say they made "meaningful progress" on Trump's peace plan AxiosU.S., Ukraine agree to change draft of peace plan that appeased Russia The Washington PostUS and Ukraine report progress in talks on peace plan with Russia Financial TimesTrump's signals to Zelensky and Europe: Accept this plan or you're on your own CNNThe Murky Plan That Ensures a Future War The Atlantic
|
RELATED ARTICLES | | |
|
Full transcript of "Face the Nation with Margaret Brennan," Nov. 23, 2025 CBS NewsTranscript: Olga Stefanishyna, Ukrainian Ambassador to the U.S., on "Face the Nation with Margaret Brennan," Nov. 23, 2025 YahooUkrainian ambassador on 28 point peace plan and security guarantees kyma.com
|
|
Flighty is the thoughtfully designed travel app that has become a must-have for anyone getting on a plane.
|
|
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
|
|
