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What we know about Trump's 'Project Freedom' aimed to help stranded ships through Strait of Hormuz BBCLive updates: US says two American-flagged merchant vessels have gone through Strait of Hormuz CNNShipping Firms Left Guessing by Confusion in Strait of Hormuz The New York TimesTrump says the U.S. will 'guide' stranded ships from the Strait of Hormuz NPROil prices rise as U.S. launches operation to restore freedom of navigation in Strait of
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Scientists Identify Another Contributor to Global Warming—and It's Everywhere GizmodoThe Great Pacific Garbage Patch is a plastic trash nightmare. It could also be part of a much bigger, hidden problem CNNHow microplastics are likely helping to heat up the planet The Washington PostHeat-Trapping Microplastics Found to Play Role in Climate Change Bloomberg.com
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After years of struggling to match the global popularity of the US, Japan and South Korea, Beijing's image is improving
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A Securities and Exchange Commission plan to let public companies cut quarterly disclosures to twice a year moved closer to reality after passing a White House review.
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The reviews from longtime shareholders and professional investors were broadly positive, even as many acknowledged the notable absence of Warren Buffett,
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Topic: Going GreenRobocarsTags: forbes
Most EVs in the 2030s will be able to drive themselves a short distance to an automated charging station. That rewrites what EV charging infrastructure to build
Read more at Forbes.com in The Core Rules Of EV Charging Infrastructure Are About To Change
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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
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