Should an inheritance be strictly an inheritance, to be left to children when their parents die? Or should parents use at least some of that money while they’re still alive to help out their adult children financially? And if parents give while they’re alive, how much should they give and when?
Of course, every family is different—both in terms of what they can afford and what brings them joy. But there are some things every family should consider when deciding how to pass wealth from one generation to the next. The Wall Street Journal invited three financial advisers to discuss
Pope Francis approved a new set of laws that require Vatican officials and employees to sign a declaration stating they have not been and are not suspected of committing crimes, including money laundering, corruption or exploitation of minors.
The measures, issued “motu proprio,” on the pope’s own accord, and published April 29, also prohibit all Vatican employees from “accepting or soliciting, for themselves or for parties other than the entity for which they work, by reason of or on the occasion of their office, gifts, presents or other benefits with a value greater than 40 euros,” the equivalent of about
China claims almost the entire South China Sea, where about $3 trillion worth of ship-borne trade passes each year. In 2016, an arbitration tribunal in The Hague ruled that claim, which Beijing bases on its old maps, was inconsistent with international law.
Philippines Defense Secretary Delfin Lorenzana told reporters that Beijing had “no authority or legal basis to prevent us from conducting these exercises” in the South China Sea because “their claims … have no basis”.
The Philippine coast guard and fisheries bureau started maritime exercises on Saturday inside the country’s 200-mile Exclusive Economic Zone (EEZ), following an announcement of … Read More
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