Leaving Money to A Financially Irresponsible Kid

So you’ve finally decided to do your estate plan and you decide to leave everything to your only son, now 15-years old. There is only one problem: your son is not financially proficient, and you are worried he may not be able to handle all of the money and property that is being left to him. In fact, you believe he would blow through his inheritance in less than 5 years. So how do you handle such a situation? Continue reading Leaving Money to A Financially Irresponsible Kid

Americans Unprepared For Biggest Wealth Transfer In History, According to RBC Report

A recent report suggests that Americans are unprepared for the biggest wealth transfer in U.S. history. According to Royal Bank of Canada (RBC) Wealth Management, Americans are “woefully” unprepared to transfer trillions of dollars from the older generation to their heirs, something that will happen in the near future.  Continue reading Americans Unprepared For Biggest Wealth Transfer In History, According to RBC Report