Leaving Money Wisely To A Spendthrift Heir

A common estate-planning question is whether it makes sense to leave inheritances with strings attached. My typical answer is “it depends.” It’s natural to want your legacy to be used wisely, but trying to control from beyond the grave can have...

Money Scripts and Holiday Spending

The Christmas shopping season is in full swing. Some shoppers overspend on gifts and end up paying off credit card bills for months. Others drive themselves crazy trying to find exactly the right gifts for the right people. Others hate shopping so much that they find...

How To Pass On Benefits of A Stimulus Check

Watch this video on YouTube Recently a client called with this dilemma: “I’m probably going to get one of those government checks. But I don’t need it. I’d be embarrassed to take it. How can I return it?” The government checks in question...

Charitable Giving With A Donor Advised Fund

Watch this video on YouTube In A Christmas Carol, Charles Dickens has a scene where two charity workers raising funds for the poor approach Ebenezer Scrooge on Christmas Eve. “. . . What shall I put you down for?” “Nothing!” Scrooge replied....

When Parents Can’t Say No: Financial Enabling

Watch this video on YouTube “Pleeeeeze?” Your nine-year-old daughter has spent her allowance but is begging you to buy her a toy she “just has to have.” “I really will pay you back this time. I promise.” Your 30-something son,...

Keeping Up With The Clauses

Watch this video on YouTube Are you feeling any pressure this Christmas season to give, give, give? Keeping up with the Joneses all year is hard enough. It gets even worse during the holidays, when we feel pressured to keep up, not just with the Joneses, but also with...