When Inheritance Is Negative - Wall St Journal 1/22/2008
By Marshall Eckblad
People who don't prepare to care for their sick and aging parents could fall victim to what economists call "negative inheritance."
If the term seems foreign, the scenario it describes won't: It is when costs to children caring for their relatives outstrip any gifts or bequests they might receive in return.
To protect against the havoc a negative inheritance can wreak on a financial plan, financial advisers have developed detailed strategies, typically including a combination of family dialogue, long-term-care insurance and proactive management of the parents' remaining assets.
What You Will Find Here
- OJOS11
- Articles and news of general interest about investing, saving, personal finance, retirement, insurance, saving on taxes, college funding, financial literacy, estate planning, consumer education, long term care, financial services, help for seniors and business owners.
Blog List
-
-
Man Shot and Killed in Minneapolis Crackdown, National Guard Activated - A 51-year-old US citizen shot by federal immigration officer. What we know.
-
You can bet on how much snow will fall in New York City this weekend - Prediction markets like Polymarket and Kalshi are allowing users to bet on how much snow will fall in New York City this weekend.
-
Interest in Law School Is Surging. A.I. Makes the Payoff Less Certain. - The number of applicants has risen more than 40 percent over the last two years, despite new limits on student loans and uncertainty over how artificial in...
-
Everybody Else Is Reading This - Snowflakes That Stay On My Nose And Eyelashes Above The Law Trump’s New Birth Control […]
-
Maximizing Employer Stock Options - Oct 29 – On this edition of Lifetime Income, Paul Horn and Chris Preitauer discuss the benefits of employee stock options and how to best benefit from th...
-
Wayfair Needs to Prove This Isn't as Good as It Gets - Earnings were encouraging, but questions remain about the online retailer's long-term viability.
-
Hannity Promises To Expose CNN & NBC News In "EpicFail" - *"Tick tock."* In a mysterious tweet yesterday evening to his *3.19 million followers,* Fox News' Sean Hannity offered a preview of what is to come from ...
-
Don’t Forget These Important Retirement Deadlines - *Now that fall is in full swing, be sure to mark your calendar for steps that can help boost your tax-advantage retirement savings.*
Posts
