Does Inheritance Destroy Ambition, Purpose, and Compassion? Plan Right With a Portland, Oregon Trust Lawyer
Wealth is a blessing that is earned by a few, partially earned by many more, and entirely unearned by some, yet it always involves some form of luck—creating something or investing in something at the exact right time, being born into a particular family, living in a certain city or country. Many parents lie awake at night wondering whether a large inheritance might dull their children’s drive, sense of purpose in life, or compassion for others who are struggling financially. The worry is easy to understand. The same resources that opened doors to good schools and travel could remove the urgency that pushed you to build that wealth in the first place.
How to Make an Inheritance Last: 5 Smart Strategies for Beneficiaries
Most people think receiving an inheritance means financial security. But the reality is a little darker (and more ironic). Sudden money feels like a gift and a curse. Without planning, it can fuel overspending, family conflict, or what financial experts call “sudden wealth syndrome.” (Think: the cousin who suddenly “needs a loan,” or the temptation to buy everything you’ve ever wanted, right now.) And for younger heirs, money without guidance is often money wasted.
Portland, Oregon Probate Attorney Warns: Don't Fall for These Debt Collection Scams After a Death
In my years as a Portland, Oregon probate attorney, I've seen an alarming trend: scammers targeting grieving families with fake debt collection calls. These predators scan obituaries and public records, then approach family members claiming the deceased owed them money. Today, I want to warn you about these schemes and explain how debt really works after someone passes away.
A Portland, Oregon Probate Lawyer's Guide to Managing Your Inheritance
Inheriting assets is a mix of honor and responsibility. As a Portland, Oregon probate lawyer, I've seen many people unprepared for the implications of managing their inheritance. The inclination to treat an inheritance as "bonus" money is common, but there are many pragmatic ways to use these funds for future benefits.
Portland, Oregon Trust Attorney Answers, “Is it Better to Inherit Stocks or Cash?”
Inheriting any assets from someone’s estate could benefit a person financially. However, it can also create some challenges. Cash and stock inheritances come with various advantages and disadvantages. Although they provide the funds someone might need to pay necessary expenses or grow their portfolio, some complications could arise.
You're Probably Going to Accidentally Disinherit Your Kids
I have a math problem for you: If 70% of Americans don’t have any estate planning done, and if 50% of marriages end in divorce, and if men statistically remarry 2 years after their spouse dies or they divorce, and if women statistically remarry 5 years after their spouse dies or they divorce, and if most married couples own their property jointly, how likely are parents to accidentally disinherit their kids? I don’t have an exact number for you, but the answer is: VERY likely.
Many parents consider the possibility of protecting their kids’ inheritance from evil family members, but few consider the possibility that their kids may lose their inheritance simply due to a lack of proper planning. In a word: A will is not enough.