Housing costs are rising rapidly, pricing many young families out the market or trapping them in homes they’ve outgrown. Meanwhile, aging parents, determined to age in place independently, are finding it tough to sell the family home and buy a house that fits their...
Lending to family is a generous act that many of us will face at some point. While these transactions can end with everyone satisfied, they often create tension, resentment, and even broken relationships when things go wrong. Because family members are involved, a...
Family dynamics are an often overlooked but critical piece of the estate planning puzzle. When tensions run high among siblings or parents, professional family mediation can provide a much-needed way to lower the temperature. Whether the friction comes from...
Picture this scenario: a fabulously wealthy tycoon breathes his last, leaving behind a fortune worth tens of billions of dollars. Then fast forward through just two or three generations. The grandkids of the rich man gather for a family reunion, only to find that not...
Jimmy Buffett was famous for his laid-back “beach rock” lifestyle, but behind the scenes, he was a brilliant businessman who built a $275 million empire. Despite his success and careful preparation, his legacy is currently entangled in a bitter legal battle that...
Estate planning is an essential component of preparation for a happy and secure retirement. Sadly, all too many Americans ignore estate planning altogether, imagining – somehow – that everything will work out magically for their heirs once they pass from the scene. In...
