Monday, November 27, 2023

A CEO who struggles socially was diagnosed with autism aged 41. It's helped her understand herself and deepen her relationships. | 'My kids can have whatever's left over': the myth of the Great Boomer Wealth Transfer | How Firms Are Winning Anti-DEI Lawsuits | Is Your Team Caught in the Solution Fixation Trap?

View online | Unsubscribe (one-click).
For inquiries/unsubscribe issues, Contact Us














Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng
Learn more about Jeeng


Want to accelerate software development at your company? See how we can help.
Want to accelerate software development at your company? See how we can help.



Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng
Learn more about Jeeng



Don't like ads? Go ad-free with TradeBriefs Premium




Want to accelerate software development at your company? See how we can help.
Want to accelerate software development at your company? See how we can help.

'My kids can have whatever's left over': the myth of the Great Boomer Wealth Transfer - Business Insider   

When my husband's grandmother turned 87, our family realized it was time for us to take over her affairs. Grandma Sue was ailing and recently widowed, so we decided that it was best for her to turn over her finances. Between retirement savings and the proceeds from the sale of her house, she had about $250,000 in assets at the time. She told my husband that he would inherit all of it. On the face of it, Grandma Sue's generosity seemed like it would be a huge financial help for our family since the money was just about enough to pay off our mortgage. But my husband wasn't banking on a windfall.

Grandma Sue was able to cover the cost of assisted living with the income she was receiving from Social Security and the income on her savings. But after six years, she needed round-the-clock care and eventually was moved into a nursing home. The transition was tough and the nursing home wasn't cheap, but it was necessary to keep her comfortable. Eventually, Grandma Sue dipped into her principal to keep up with the bills, and after eight years, she had gone through the majority of her assets. At that point, she qualified for Medicaid, which covered the cost of her care. But that left my husband's inheritance at about $2,000, the maximum amount of assets you could have at the time to go on Medicaid.

When she died, Grandma Sue left the most common form of inheritance, called an accidental bequest, which is simply the money left over when someone dies. An intended bequest, by contrast, is one that is dedicated to the heirs and set aside from funds used to support daily living, often through a trust account or life-insurance policy.

Continued here



Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng
Learn more about Jeeng




Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng
Learn more about Jeeng





Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng

Learn more about Jeeng
Learn more about Jeeng


You are receiving this mailer as a TradeBriefs subscriber.
We fight fake/biased news through human curation & independent editorials.
Your support of ads like these makes it possible. Alternatively, get TradeBriefs Premium (ad-free) for only $2/month
If you still wish to unsubscribe, you can unsubscribe from all our emails here
Our address is 309 Town Center 1, Andheri Kurla Road, Andheri East, Mumbai 400059 - 433006120

No comments:

Post a Comment