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US judge halts Trump plan to end protections for 350,000 Haitians ReutersMany Haitians may soon not be able to work in the US. That will make caring for the elderly much harder CNNOhio Church Swells With Support for Haitians as Deportation Threat Looms The New York TimesHaitians win pause on Trump's plan to end their protected status AxiosTrump wants to end TPS for Haitians. What does that mean?
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Measles Hits ICE Family Detention Center in Texas The New York Times2 measles infections confirmed at Texas facility where 5-year-old detained in Minnesota was held NBC News2 measles cases reported inside Dilley immigration detention center, DHS says KSATICE confirms measles inside Texas detention center holding growing number of immigrant families The Independent
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Gold and silver failed to recover lost ground Monday after a selloff Friday in precious metals that saw gold fall significantly from record highs and silver post its biggest daily loss in 46 years.
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A partial U.S. government shutdown entered its third day Monday, but the closure is widely expected to be short-lived.
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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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