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In the intricate world of wealth management, where inheritors safeguard and grow legacies, the recent National Association of Realtors (NAR) settlement emerges as a pivotal storyline. This blog post delves into the nuances of this significant legal development, examining its implications for inheritors and offering guidance on navigating the shifting landscape of real estate investments. […]

Fraudsters and scammers are getting more creative with how they can take advantage of people. Whether they be young or old, inheritors, or wage earners, many unsuspecting victims are left to pick up the pieces from the fallout of having to deal with bad actors. Two of the many types of fraud to be aware […]

In late 2019, Congress passed the SECURE Act, which changed the rules regarding retirement savings accounts and more specially, when to take out Required Minimal Distributions (RMDs) from inherited traditional retirement accounts. Following the bill, if you were to inherit a traditional retirement account in or after the year 2020, non-spousal heirs would be required […]

Having conversations about money, inheritance, and monetary responsibility with your children is crucial, regardless of your socioeconomic status. It’s understandable that these discussions can feel uncomfortable, but they’re essential for preparing your children for the future and ensuring they can manage any inheritance responsibly. It’s important to help your children understand the lifestyle they’ve been […]

You may be familiar with the term “AGI” or Adjusted Gross Income. It is what’s used to calculate what taxes you owe. You derive your AGI from your gross income minus your “above-the-line” deductions, such as student loan interest and IRA contributions. While straightforward, this number should be taken with a grain of salt. The […]

Wealth, especially inherited wealth, brings with it not just financial stability but a complex set of psychological pressures that are often hidden beneath the surface. For those who inherit significant wealth, the psychological impact can be profound, leading to a specific form of depression known as high-functioning depression. Pressure to Perform & Fear of Failure […]