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Israel launches new strikes at Iran and Lebanon, as US says it has hit 16 Iranian mine-laying ships BBCWhat we know on the 12th day of the US and Israel's war with Iran CNNIran says US, Israel have hit nearly 10,000 civilian sites since war began Al JazeeraWATCH: White House holds briefing as U.S. announces 'most intense' day of strikes on Iran PBS
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6 members of the Iranian women's soccer team granted asylum in Australia AP NewsInside the Australian hotel where Iranian footballers escaped to claim asylum BBCSeven members of Iranian women's soccer team granted visas as rest of squad leaves Australia CNNOpinion | Iran's Lionesses Roar With Silence WSJ5 members of the Iranian women's soccer team granted asylum in Australia NBC News
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How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond AP NewsTracking gas and oil prices as war with Iran escalates CNNAsia's Fuel Crunch Forces Four-Day Weeks and School Closures Bloomberg.comAmerica Is an Oil Exporter. Why Does a Mideast War Raise U.S. Gas Prices? The New York TimesOil Is Already Near a Price That Hurts the Economy WSJ
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Oil futures settled sharply lower on Tuesday, extending losses from the overnight session, as world leaders considered releasing emergency crude supplies with the Iran conflict stretching into an 11th day.
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Live updates: US says it destroyed Iranian naval ships and minelayers near the Strait of Hormuz CNNIran begins laying mines in Strait of Hormuz, sources say CNNU.S. Forces Attack Iranian Mine-Laying Ships Near the Strait of Hormuz The New York TimesOil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz CNBC
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It's no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.
SEE MORE How Much of Your Estate Will Be Lost to Taxes?
I often work with people in many different age groups who have suddenly become wealthy as the result of a windfall inheritance. While there is a need to develop a comprehensive financial plan, it's not the first step. Instead, I try to determine each person's starting point with money. Many people fall into one of three categories:
They are anticipating how they will handle their wealth, but the money hasn't yet arrived.They have their inheritance — often several million dollars — but they are still grieving the loss of a loved one and are looking for guidance on next steps.
The inheritance has been in their bank account for a long period, but they still lack direction and can't make any decisions.
It is important to listen to each person's personal story with a windfall of money. Losing an important person in your life is difficult, and reflecting on the impact that person made is just as important. Many people express a desire to do something to honor a parent's wishes.
Figuring out how to make the best use of an inheritance
Here is how I generally approach these conversations to help a person make the best use of their inheritance:
Define their relat
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Some investors exposed themselves to potentially devastating losses through riskier plays; consumer-product companies expanded factories and revamped production lines on a bet that working from home is here to stay, and some turned Christmas trees into edibles.
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