Latest news with #familyconflict
National Post
a day ago
- Business
- National Post
New Study Finds America's Largest Wealth Transfer Faces Unexpected Obstacle: The Family Dinner Table
LegalShield study reveals core problem: Older generations are unprepared to leave an inheritance, and their children are unprepared to receive it The largest wealth transfer in history is underway, with an estimated $84 trillion on the line LegalShield Provider Attorney: 'The silence between generations jeopardizes far more than just financial assets.' Article content Article content ADA, Okla. — The largest private asset transfer in history is facing a significant hurdle, as a new LegalShield study reveals nearly half of Baby Boomers (41%) and Gen Xers (45%) do not have basic estate planning documents like a will. Article content Article content This lack of planning by older generations leaves their Millennial and Gen Z heirs with significant and possibly costly uncertainty as a historic $84 trillion wealth transfer builds momentum expected to carry beyond 2045. Article content This lack of planning also sets the stage for something most Millennials dread: family conflict. Article content 'The greatest risk to this $84 trillion wealth transfer isn't taxes – it's silence,' said Warren Schlichting, LegalShield CEO. 'An estate plan is essential, combined with open dialogue. Without planning and conversation, Americans risk trading family fortune for family feuds.' Article content The LegalShield survey of over 1,000 U.S. adults, conducted in June 2025, underscores the high stakes of this transfer, revealing that a clear majority of the next generation—including 63% of Millennials—is already counting on an inheritance. Article content The Single Biggest Issue? Silence Article content Even when estate plans exist, the study found a wall of silence can be just as damaging as having no plan at all. Article content Nearly one in five (19%) Boomers and Gen Xers admit their family doesn't even know if they have a will. The silence is mutual: 42% of Millennials and Gen Zers expecting an inheritance have not discussed it with the person leaving it to them. A key result is anxiety: The top inheritance-related fear for Millennials is emotional, not financial. 58% of Millennials fear family conflict more than financial fears such as taxes. Article content The Compounding Problem: Procrastination Article content The study reveals a critical failure to plan among the generations holding the most wealth. Article content 41% of Baby Boomers and 45% of Gen Xers—the two generations holding approximately 77% of U.S. private wealth according to the Federal Reserve —do not have a will. Among those with wills, many are dangerously out of date: 51% of Boomers and 46% of Gen Xers have not updated estate planning documents in more than three years. Article content Gen X: Caught in the Middle Article content The pressure is especially high for Gen Xers, who are caught in the unique position of expecting to inherit from their parents while also planning to leave wealth to their children. This 'sandwich generation' role fuels their financial anxiety. Article content One more dimension adds to the unease: 78% of Gen Xers report uncertainty about the economy, making them more concerned about protecting their assets. Article content Article content 'The silence between generations jeopardizes far more than just financial assets,' said Wayne Hassay, a LegalShield provider attorney. 'People think estate planning is only about who gets the house, but it's much more. It protects your kids, directs healthcare decisions, and handles digital assets. An attorney helps ensure no piece is missed, preventing a legal nightmare for your loved ones later on.' Article content Study Methodology: Article content The LegalShield survey was conducted in June 2025 among 1,018 U.S. adults. The data was segmented by generation (Gen Z, Millennials, Gen Xers, Baby Boomers) to analyze attitudes and behaviors toward estate planning and the generational wealth transfer. Article content About LegalShield: Article content For more than 50 years, LegalShield has provided everyday Americans with easy and affordable access to legal advice, counsel, protection, and representation. Serving millions, LegalShield is one of the world's largest platforms for legal, identity, and reputation management services protecting individuals and businesses across North America. Founded in 1972, LegalShield, and its privacy management product, IDShield, has provided individuals, families, businesses, and employers with tools and services needed to affordably live a just and secure life. Through technology and innovation, LegalShield is disrupting the traditional legal system and transforming how and where people receive legal guidance and services, with access to hundreds of qualified, trusted attorneys and law firms. LegalShield and IDShield are products of Pre-Paid Legal Services, Inc. To learn more about LegalShield and IDShield, visit and Article content Article content Article content Media Contact: Article content Article content
Daily Mail
a day ago
- Daily Mail
Mother and daughter, 16, get into huge fight over STEPDAD 'who was sleeping with one and grooming the other'
California police made a disturbing revelation after breaking up a fight between a mother and daughter over the stepfather. Cops were called to the family's Fremont home in mid-June to a report of the fight between a mother and her 16-year-old daughter. Investigators soon learned that the teen claimed to be 'in love' with her mother's husband, reported The Mercury News. The stepfather, said to be in his late 30s, allegedly admitted to kissing the girl and loving her, according to text messages obtained by the police. He denied any sexual activity and allegedly told the girl to 'just deny it' if she was asked about having sexual relations with her stepfather. Police have been investigating the man for grooming and sexual abuse, but believe he has since fled the country. Authorities said they attempted to serve the man with a stay-away order while he was at work, but was told he left at lunch and never came back. Fremont is known as a safe community and was deemed the happiest city in America based on its financial stability, high life satisfaction and healthy living conditions, according to WalletHub. In 2024, there were 18 reported rapes in the city, 267 aggravated assaults and 775 simple assaults, according to the police department's annual report.
Daily Mail
2 days ago
- Automotive
- Daily Mail
Barefoot Investor Scott Pape exposes child's selfish act after they were given a car: 'Disaster'
The Barefoot Investor has dished out some tough love to a mother frustrated by her 30-year-old son's lack of gratitude after she gave him a car. Fed-up mum Lesley wrote to Scott Pape, describing her son as a 'disaster'. She explained that when he turned 18, she gave up the very first car she ever owned so he could enjoy some freedom and independence. 'It was a great little car with full service records and a reliable mechanic,' she wrote in her letter, published in his weekly newsletter. But five years later, her son dismissed the car as 'a hunk of junk'. Lesley reminded him: 'It wasn't junk when I gave it to you.' Now, after buying his third cheap car, Lesley said her son is 'heavily hinting' that she should hand over her current Mercedes - a car worth less than $10,000. Lesley told the Barefoot Investor she had no intention of giving him the Mercedes, but admitted her son's ingratitude had 'robbed her of the joy of giving' and begged for his advice. 'He hasn't asked outright, but the hints are constant,' Lesley wrote. 'After years of ingratitude and fleeting thanks, there's no way I'm handing it over. I've learned my lesson. 'But here's what hurts: I no longer feel joy in giving. I'm scared of being taken advantage of again.' In his reply, Mr Pape explained the issue was not a 'son thing' but a human experience, claiming people do not value an item they have not earned. 'You gave him your beloved first car, filled with memories and sacrifice. To him, it was just… free,' Mr Pape wrote. 'That stings. But it doesn't mean he's ungrateful about everything. It just means your giving needs boundaries.' Mr Pape advised Lesley to kindly but firmly shut down the idea of handing over her Mercedes to her son the next time he decides to hint at getting the vehicle. 'About the Merc? Next time he hints, shut it down kindly but firmly: 'Mate, I'm keeping it. You'll value your next car more if you buy it yourself.',' Pape wrote. 'Don't let his hints rob you of your joy in giving to others who appreciate it. The best things in life are earned – and that's a lesson he still needs to learn.'
Yahoo
2 days ago
- General
- Yahoo
Woman Driven 'Mad' by Sister-in-Law's Posts About Dad Who 'Died 10 Years Ago': 'At What Point Is This Just Attention-Seeking?'
"It drives me mad. I've gone so far as to silence her," the woman said A woman is taking issue with her sister-in-law over social media posts she makes about her late father — who died a decade ago. In a post on the U.K.-based forum Mumsnet, the woman said her in-law's dad "died 10 years ago, and yet, it's almost daily, but definitely weekly, she's posting her grief on Facebook." The woman further detailed that her sister-in-law will write about "[how] much she's missing him, how grief is so silent and misunderstood," and it "escalates" on holidays — including Father's Day, Christmas and Easter — as well as "the day he died [and] the day they found out he was ill," plus "her kids birthdays [and] her birthday." "I used to get on with her well, but she's always driven me mad by text and socials," the woman continued. "At what point is this just attention seeking? It drives me mad. I've gone so far as to silence her because I can't bear the 'hope you're okay, hun,' stuff." The Mumsnet user added that her sister-in-law's "behavior has absolutely trashed my opinion of her," and it was exacerbated when she claimed her in-law "even got in competition with a relative of hers raising money for charity, because she had to be the one seen to be doing it and wouldn't collaborate." Never miss a story — sign up for to stay up-to-date on the best of what PEOPLE has to offer, from celebrity news to compelling human interest stories. In the comments section of the post, the woman was met with support from others, many of whom suggested that her sister-in-law needs professional aid to help her cope with the loss. "It sounds like she needs some counselling to help her manage her grief," one Mumsnet user wrote, as another said, "This sounds like an abnormal grief reaction. She really needs therapy, if she has not had this already." The PEOPLE Puzzler crossword is here! How quickly can you solve it? Play now! Others, meanwhile, couldn't help but feel that the woman's sister-in-law was taking things a step too far — and possibly continuing to post about her grief solely to get the reactions she has become accustomed to. "There's a huge difference between missing someone on special occasions or memorable dates and actually posting about it ... No need," wrote a commenter. Said one more: "It may be cruel of me, but I have no tolerance at all for performative or over-sentimental public grief." Read the original article on People Solve the daily Crossword
Yahoo
3 days ago
- Health
- Yahoo
Dear Abby: My daughter expects me to help with her kids — instead of their deadbeat father
DEAR ABBY: My husband and I love our 7- and 2-year-old grandchildren very much and enjoy spending time with them. The issue is, we feel we are being taken advantage of. Our daughter and her husband are still married but lead separate lives. He works out of town and comes home most weekends. Her weekends usually begin on Friday when she 'has to' have someone keep the kids until he gets home (if he comes home). She returns on Sunday night when he leaves for work. Our daughter expects us to pick up the grandkids from school and/or the babysitter on Friday and keep them every weekend. She doesn't ask; it's assumed we will do it. If we say we can't, or make other plans, all hell breaks loose. It's the end of the world because she has to change her plans. We have tried talking calmly with her about it, but then she threatens to not let us see the children at all. We're exhausted and don't know what to do. — VEXED IN VIRGINIA DEAR VEXED: Tell your entitled daughter firmly that she will have to make other arrangements for the children on two weekends a month because you and your husband are exhausted and need time to yourselves. Remind her that when she started a family, the children became her (not your) primary responsibility. You have generously given her free babysitting services for many years. Those services are expensive, as she will learn when she starts pricing them out. I seriously doubt she will react by depriving you of seeing them. It would be cutting off her nose to spite her face. DEAR ABBY: Three months ago, my husband was diagnosed with metastatic squamous cell carcinoma that had originated in his lungs and spread throughout his body. He died last month after a brutal battle with this horrifying disease. He was a former smoker and had worked in a factory that exposed him to various chemicals. During his struggle, we learned that getting a CT scan of his lungs every year would have detected his deadly cancer. His doctor never advised him to have this simple scan that could have identified it early in its development and possibly saved his life. Unfortunately, neither he nor I knew the importance of asking for the test. A CT is a straightforward, low-cost scan generally covered by most insurers when it has been 15 years or less since quitting smoking or when other exposures are present. Please share this message with your readers and encourage those with risk factors to request this essential procedure. It could make the difference between early detection and treatment or a life-and-death struggle with this lethal disease. — SORROWFUL IN INDIANA DEAR SORROWFUL: Please accept my sympathy for the loss of your husband. I lost my husband to lung cancer, and I know how silently aggressive it can be. (He, too, was diagnosed at stage 4, although he had not been exposed to the risk factors your husband was.) I am grateful that you wrote about how important a diagnostic tool a CT scan can be. Readers, please think about her important message and have a conversation about it with your doctor. Dear Abby is written by Abigail Van Buren, also known as Jeanne Phillips, and was founded by her mother, Pauline Phillips. Contact Dear Abby at or P.O. Box 69440, Los Angeles, CA 90069. Solve the daily Crossword
