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California officials alarmed as Trump targets national weather research center CalMattersScientists push back on Trump plan to break up a critical climate and weather center NPRColorado's U.S. senators hold up appropriations package over NCAR's future The Colorado SunA Somber Mood at Science Meeting as Trump Budget Cuts Continue The New York TimesWe're all at risk if Trump dismantles this legendary lab grist.org
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A lower-court judge had invalidated the package, saying shareholders had not been properly informed about the plan. Friday's ruling means the pay deal, worth about $139 billion now, can proceed.
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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.
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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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