|
Somali businesses struggle during the Minneapolis ICE crackdown PoliticoSomalis Fled Civil War and Built a Community. Now They Are a Target. The New York TimesInside the Somali-Led Resistance to Trump's Assault on Minneapolis The InterceptUS trashed Somalia, can we really scold its people for coming here? Responsible StatecraftOregon Somali community speaks out on state of fear amid ICE raids in M
|
|
Small part of Sunshine State becomes Snowy State as Florida gets snow for 2nd year in a row AP NewsParts of Florida receive rare snowfall as freezing temperatures linger NPRWinter Storm Brings Snow and Cold Temps as Far South as Florida and Georgia The New York TimesFlorida Snow: Winter Weather Advisories Go Up In South The Weather ChannelIt snowed in Florida, again | See photos and video WESH
|
|
New Mountain Capital has hit a $1.2bn final close for its second non-control fundraise, almost double the total it collected for its debut vehicle in the strategy.
The post New Mountain beats hard cap in $1.2bn close of second non-control PE fund appeared first on AltAssets Private Equity News.
|
RELATED ARTICLES | | |
|
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
|
|
