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When it comes to passing wealth on to children, Carl Richards, a financial planner and author of The Behavior Gap, is clear that parents should not put off the discussion: âThe best time to learn to have conversations about money with your children is when they are small,â he said. âThe second-best time is now. Youâve just got to have these conversations â and they will be tough.â
Throwing family into the mix can ratchet up tensions around money and the fallout can tear families apart. Last year, a 41-year-old highly educated solicitor failed in a legal bid in the United Kingdom to compel his parents to continue their financial support for him. In another recent case in the U.K., a family racked up considerable legal bills before reaching a settlement with a daughter who had demanded a share of her family home.
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Granted Parole or Awaiting Trial, Inmates Died of Covid-19 Behind Bars
Among the thousands who have died in prisons and jails from the coronavirus were dozens of people approved for parole or not convicted of a charge for which they were arrested.
A demonstration protesting conditions at San Quentin Prison in California last year. Credit.Jim Wilson/The New York Times
By Rebecca Griesbach and Libby Seline
May 6, 2021
Joe Dan Channel was granted parole from a Texas prison in late 2019. But the 62-year-old man was still behind bars several months later when he fell ill with the coronavirus and died only a few weeks before his release date.
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