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Avoid these 4 mistakes and misconceptions when receiving an inheritance, according to financial planners
An inheritance can be life-changing — if you handle it wisely. Here's how you can avoid these 4 com…
Christine Ji
Passing down an inheritance? Here's how to handle these 4 complicated assets — including houses and retirement funds.
Some of the most common assets in an inheritance plan come with legal and tax complications. Here a…
Christine Ji
I'm a millionaire, but I'm only leaving my kids a small inheritance. I want them to earn their money like I did.
Payam Zamani arrived in the US with only $75 and is a millionaire. He is leaving his daughters a sm…
Kelly Burch
My wife and I inherited $250,000 and bought a camper to travel the country. I have no regrets about how we spent the money.
When his mother-in-law died, Chris Mott and his wife received $250,000. They used the money to comp…
Chris Mott
Meet the Hong Kong billionaires behind some of the world's glitziest hotels and the generation who could inherit the empire
Adrian Cheng makes a toast during dinner after the opening ceremony of the Festival de Cannes Film …
Matthew Loh
Inheritance can destroy a family or be a life-changing gift. Here's how I advise my clients as an estate-planning attorney.
Dana Blue says she's seen clients experience "sudden wealth syndrome," where, after coming into mon…
Jen Glantz
NATO's new chief is inheriting messy wars and a possible second Trump presidency. It's not going to be easy, security analysts say.
Mark Rutte, NATO's new chief, will have a lot on his plate, including conflicts in Ukraine and the …
Thibault Spirlet
I inherited my parents' small business even though I didn't want it. I vowed not to do the same thing to my son.
No one in my family asked me if I wanted to be in charge of the family business, it was expected of…
Chris Mott
Prince Harry is set to inherit millions on his 40th birthday. Here's how he and Meghan Markle make and spend their money.
From lucrative deals with Netflix and Spotify to both of their book deals, the couple have made a f…
Erin McDowell
I inherited over 1000 salt and pepper shakers from my grandmother. I kept my favorites and sold the rest, and it taught me a lesson in letting go.
I inherited my grandmother's large collection of salt and pepper shakers. I had to learn how to let…
Trace Salzbrenner
I'm a multimillionaire, but I'm not leaving my kids any cash inheritance. I think it would be a mistake to make them wealthy.
George Appling is a multimillionaire and doesn't plan to leave his kids a cash inheritance. He'll e…
Kelly Burch
Musk, Gates, Bezos: Meet the Gen Z and millennial heirs now coming into their own and set to inherit billions
While Steve Ballmer's sons lived a relatively normal life growing up, they have certainly benefited…
Madeline Berg
Spouses mostly women — could inherit $9 trillion from their partners in the next 25 years
Some of this money could go toward women's causes. But not all women can inherit from their husband…
Lian Kit Wee
Inheritance can tear families apart. A financial therapist shares 3 ways to manage conflict.
Bari Tessler, a financial therapist, works with clients to understand emotions around money and inh…
Ella Hopkins
Millennials inherited a dusty old apartment in Italy. They renovated it — only to be told they should have left it alone.
A young couple was told they "destroyed" their Rome apartment because they decided to modernize it …
Maria Noyen
Now we know Prince William's eye-popping salary and the millions Prince Harry will inherit on his 40th birthday
Prince William inherited the Duchy of Cornwall after King Charles ascended the throne. It made him …
Samantha Grindell
I inherited $250,000 from my grandmother and regret how I spent it. I wish I had overcome my fears around money sooner.
Sara Faith Jacobsen received $175,000 from her grandmother's life insurance policy and $75,000 from…
Kimanzi Constable
I'm Gen Z and my parents help me financially. My dad says it's a loan against my inheritance.
I'm 25 and my parents have been helping me financially for years. The money they give me is helpful…
Katie Kasperson
A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.
A boomer told BI he has helped his daughter and her husband pay for college and a home. He'd like t…