Forbes’ Living Well in Retirement article, “How To Make The Most Of Your Inheritance” quotes John McManus:
John O. McManus, an estate lawyer in New Providence, N.J., has clients who used an inheritance to buy a beach house, an asset the couple viewed as appreciating, and as a memorial of sorts to their parents. His clients’ thinking, he explains: “This is place for the extended family to congregate and reminisce, and it supports the family values that grandma and grandpa espoused.”
Read the rest here.