Where would you invest $10,000? Alex Dunnin says that kind of windfall is about housekeeping and tying up loose ends as much as it is for investing in the future.
Ok, so you might not own a house yet, but who do you want to inherit your photos and digital music, and have access to your emails after your death? This is why you need a will.
Who will get guardianship of your kids? Who will inherit your assets? These are some of the decisions that will be made for you if you don't have a will.
So you've helped out one of your children with a house deposit or private school fees for the grandkids, but how do you make things equal with your other kids?
Blended families should take a holistic approach to leaving an inheritance, because getting it wrong can cause irreparable damage to their finances and their family.
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