The great wealth transfer is currently underway: millennials/genz are finding some financial relief with some money trickling down their way from their boomer parents (this brings up an entirely different topic on the problem of generational wealth). For now, some millennials/genz have some money coming their way; this can go a long way to keeping […]
The “Trial of the Century” ignited a media firestorm in 1994. People are still enamored by the The “Trial of the Century” that took place over two decades ago, in 1994. The trial, centering around the (now infamous) football player, O.J. Simpson, brought him into the limelight, albeit away from the roaring crowds and cheering […]
Inheritance can be tricky; many of us dream about receiving a large inheritance from a long-lost dead relative (with no strings attached, of course). Inheritance becomes a contentious issue within families, conflicts arise, and relationships become strained (or completely severed). When a family member passes away, the way in which their assets are distributed can […]
You’ve got $50 million dollars – as the title implies. What do you do with it? Before you go blowing it all on a fancy cruise vacation, new house, BMW, new car, or yes, avocado toast, take some time to collect your thoughts and let the fact that you’ve inherited a fortune sink in. That’s […]
Updated: June 2024 Inheritance: everyone dreams of inheriting oodles of money from a rich aunt or uncle. But what happens when you actually get the money? It might not be everything you wish for. Marlene Engelhorn is exactly in that position: she inherited a whopping $36.6 million dollar (in Canadian dollars) from her rich grandmother. […]
Remember the “Home Alone” movie? Of course you do! You probably watched it several times as a kid. You probably watched the movie every Christmas and have all of the lines memorised. At the very least, you know the name of the hero in the movie: Kevin McCallister. The beloved Christmas comedy was released in […]
Update: June 2024 Wealth: we all chase after it. We all want to be debt-free and worry-free, and to provide for our family and friends. Millennials, in particular, are increasingly relying on their parents’ inheritance to achieve financial stability and achieve financial milestones. Milestones their parents achieved when they were younger than their children are […]
Updated: June 2024 Hermès. You know the brand name. The name that evokes images of rich women walking around with fancy purses. Purses that cost more than a yearly salary. The makings of an iconic French brand Who is Nicolas Puech? What is the Isocrates Foundation? Puech’s mysterious legal heir The French brand that is […]
Updated: June 2024 We all have something of value to pass on to our loved ones; that is what estate planning does and why you should plan for your estate as soon as possible. Our estates are comprised of our assets, items and all of the things that we all own. This can include anything […]
Updated: June 2024 A supposed “wealth transfer” is occurring. How do rich people pass on their fortunes to their heirs? What can you learn from them? A whopping $84 trillion in assets will trickle down to Millennials and Generation X. Families should (hopefully) put a lot of thought and planning into how that wealth will […]
