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Family Lifestyle

Conscious Bequests: Inheritances That Help, Not Harm [Video]

One of the biggest conundrums of estate planning is considering how, or even if, you can give money or property to your heirs in a manner that will help them.

How can leaving money to someone not be helpful? Research shows that receiving a lot of money can certainly have harmful consequences. According to a MarketWatch article by Elizabeth O’Brien published March 3, 2015, one study found that one-third of people who received an inheritance had negative savings within two years of the event. “The vast majority of people blew through it quickly,” said Jay Zagorsky, an economist and research scientist at The Ohio State University in Columbus, Ohio, and author of the study, which was based on survey data from the Federal Reserve and a National Longitudinal Survey funded by the Bureau of Labor Statistics. According to Betterment Resource Center, on average, an inheritance is gone in about five years because of …

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Family Lifestyle

Wentworth Mausoleum | Spectroom [Video]

Wentworth Mausoleum is an heritage-listed mausoleum located at Chapel Road, Vaucluse in the Municipality of Woollahra local government area of New South Wales, Australia. It was built from 1872 to 1874 by Mansfield Brothers, architects. It is also known as Wentworth Mausoleum and site. The property is owned by Anglican Church Property Trust and is managed by Sydney Living Museums as part of Vaucluse House. It was added to the New South Wales State Heritage Register on 2 April 1999.