Wealth that is passed down to children or other family members from parents or other relatives. This can include financial investments in children's education, such as covering the cost of college, as well as cash, real estate, or anything else with a monetary worth. It is also known as intergenerational wealth.
Generational wealth: What it is and how experts say you can work to build and protect it by Ivana Pino →The owner of a life insurance policy and the person with the legal authority to make changes to the policy is the policyholder. The owner has the ability to assign ownership, modify payments, switch payors, and name one or more beneficiaries.
How Does Life Insurance Work? →Life insurance coverage can help protect you and your loved ones. Life insurance provides a tax-free cash payment to your named beneficiaries (such as your spouse or children) when the insured person dies in exchange for premiums paid by the policy holder during their lifetime.
You can now easily track all your life insurance policies at Neontra →Managing your investments can be difficult. You may not be comfortable investing on your own. A professional financial advisor or planner can help you.
Choosing a financial advisor →6 Estate Planning Must-Haves Everyone benefits from ensuring assets and finances are managed as they wish.
Here is an estate planning checklist of items every estate plan should include →How to talk to your parents about their money. There comes a time when it's the kid's turn to take care of mom and dad. Here's how to broach this sensitive subject with your parents.
Life Kit NPR: Yes, end-of-life planning is a tough subject. How to talk to your parents about it →← Curating the web to find the most interesting and helpful information about your money.