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Kimberly Palmer: How to plan for a potential inheritance

Published Fri, 07 Feb 2025 16:58:12 GMT

The amount of wealth millennials and Gen Xers stand to inherit from their parents and grandparents almost defies comprehension: According to Cerulli Associates, a Boston-based research and consulting firm, $84.4 trillion in wealth will be transferred between 2021 and 2045, primarily from baby boomer households to younger generations.Inheritances aren’t just for the rich: Less than half of the total volume of transfers is expected to come from high-net-worth households.“It’s a really unique point in history because of the amount of wealth,” says Chayce Horton, senior analyst on the wealth management team at Cerulli. “It’s something we haven’t seen before.”As a result of that magnitude, inheritance recipients might not know what to do with one, and whether to count on the windfall before it arrives.If you’re wondering whether to broach the topic of a potential inheritance with your own parents or grandparents, here are some guidelines financial experts recommend:TALK ABOUT INHERITANCE...

Newfoundland jail death renews calls for accountability in provincial corrections

Published Fri, 07 Feb 2025 16:58:12 GMT

ST. JOHN’S, N.L. — It was shortly after another death was confirmed at a notoriously harsh Newfoundland jail that Bob Buckingham wrote to his fellow defence lawyers to ask what they could do to better advocate for inmates.The August death, which sources say was a suicide, was at least the seventh death since 2017 inside jails in the province, which between 2010 and 2020 had the highest rate of inmate suicide in Atlantic Canada.Judges in Newfoundland and Labrador have recently reduced sentences for at least two inmates at Her Majesty’s Penitentiary in St. John’s in scathing written decisions condemning the 164-year-old prison’s rodent and mould infestations and its crumbling infrastructure. Buckingham wants lawyers to raise those conditions more often during pleadings and thus give judges more opportunities to take a stand, which he hopes will pressure the provincial government to make changes.“There has to be a political will, to do something to change ...

Monday Forecast: Cool conditions with temps in upper 50s, mostly sunny

Published Fri, 07 Feb 2025 16:58:12 GMT

CHICAGO — Mostly sunny and a bit milder Monday. Winds: WNW 10-15 mph. Air quality is in the Good category for Chicagoland. High near 60. Interactive Radar: Track showers and storms here Partly cloudy skies tonight and getting cold again. Patchy fog late. Frost is possible in some outlying areas. Winds: NW 5-10 mph. Low 39, lower 30s outlying areas. Tuesday Forecast: Mostly sunny and mild. Winds: NW 10-15 mph. High: 64.Extended outlook calls for increasing clouds and an extended rainy period moves into Chicagoland on Wednesday in the afternoon and stay with us through the end of the week. Rain at times and highs in the mid to upper 50s. Full forecast details and more at the WGN Weather Center blog

AUS prepares for record-breaking October with ACL, Formula 1

Published Fri, 07 Feb 2025 16:58:12 GMT

AUSTIN (KXAN) – The Austin-Bergstrom International Airport wants passengers to prepare for larger-than-normal airport crowd sizes in October as the city hosts big events including Austin City Limits and Formula 1. According to AUS, more crowds are expected in 2023 because approximately 5% more airline seats are for sale compared to last year, and new international destinations and airlines have popped up at the airport in 2023. "That 5% increase in ticket sales means a lot of airlines are bringing in larger planes so that they can bring in more people," AUS spokeswoman Elizabeth Ferrer said.AUS said passengers should plan for extra crowds on the following days:Sunday, Oct. 8; Monday, Oct. 9; and Tuesday, Oct. 10 for ACL Weekend OneSunday, Oct. 15; Monday, Oct. 16; and Tuesday, Oct. 17 for ACL Weekend TwoThursday, Oct. 19; Friday, Oct. 20; Sunday, Oct. 22; and Monday, Oct. 23; Tuesday, Oct. 24 for Formula One RELATED COVERAGE: What is the busiest day ever at Austin airport? Two da...

Tropical moisture brings rain to some

Published Fri, 07 Feb 2025 16:58:12 GMT

AUSTIN (KXAN) -- A gorgeous start to the work week... but two tropical storms in the Eastern Pacific may throw just enough moisture at Texas to bring rain chances back to our area tomorrow.Today will be pleasant with afternoon highs in the mid-80s, mainly sunny skies and dry conditions. Our next chance of rain arrives tomorrow as moisture from two tropical systems in the Pacific Ocean heads to Texas.Fantastic weather MondayWhile there is high uncertainty in how much rainfall we will get out of this in Central Texas, it's looking likely that at least some of our area (particularly those in our southern counties) will find themselves under scattered showers tomorrow and Wednesday. Those who do see rain will likely see light amounts, mainly under 0.5".Spotty to scattered rain Tuesday and WednesdayTropical moisture from the Pacific will help fuel rain chances in Texas this weekWarmer temperatures briefly return Thursday ahead of a dry cold front expected to bring picture-perfect weather...

Israeli survivors recount terror at music festival, where Hamas militants killed at least 260

Published Fri, 07 Feb 2025 16:58:12 GMT

JERUSALEM (AP) — The night was a getaway. Thousands of young men and women gathered at a vast field in southern Israel near the Gaza border to dance without a care. Old and new friends jumped up and down, reveling the swirl of the bass-heavy beats.Maya Alper was standing toward the back of the bar with teams of environmentally conscious volunteers, picking up trash and passing out free vodka shots to party-goers who reused their cups. Just after 6.a.m., as a light-blue dawn broke and the headliner D.J. took the stage, air raid sirens cut through the ethereal trap music. Rockets streaked overhead.Alper, 25, jumped into her car and raced to the main road. But at the intersection she encountered crowds of stricken festival attendees, shouting at drivers to turn around. Then, a noise. Firecrackers? Panicked men and women staggering down the road just in front of her fell to the ground in pools of blood. Gunshots. The open-air Tribe of Nova music festival will go down in Israeli history ...

GasBuddy: Avg. Alb. prices drop 3.9 cents in last week

Published Fri, 07 Feb 2025 16:58:12 GMT

ALBANY, N.Y. (NEWS10) -- Average gasoline prices in Albany have fallen 3.9 cents per gallon in the last week, averaging $3.83/g Monday, according to GasBuddy's survey of 546 stations in Albany. Prices in Albany are 5.9 cents per gallon lower than a month ago and stand 19.3 cents per gallon higher than a year ago. The national average diesel price has fallen 4.0 cents in the last week and stands at $4.48 per gallon. Get the latest news, weather, sports and entertainment delivered right to your inbox! According to GasBuddy price reports, the cheapest station in Albany was priced at $3.49/g Sunday, while the most expensive was $4.05/g, a difference of 56.0 cents per gallon. The lowest price in the state Sunday was $2.97/g, while the highest was $4.99/g, a difference of $2.02/g.The national average price of gasoline has fallen 10.2 cents per gallon in the last week, averaging $3.67/g Monday. The national average is down 13.8 cents per gallon from a month ago and stands 25.0 cents per ...

1 person dead, two injured after overnight crash in Dutchtown neighborhood

Published Fri, 07 Feb 2025 16:58:12 GMT

ST. LOUIS - One person is dead, and two others are hurt after a violent two-car crash overnight in south St. Louis.Accident reconstruction crews were called in to investigate the severity of this crash. Details are still coming in at this hour. We do know that the police think two of the victims were adults and one was a juvenile.This all unfolded just after 11:30 p.m. at the intersection of Keokuk and South Broadway. Both cars involved were passenger vehicles. It's understood that both cars had front-end damage, which could mean this was potentially some sort of head-on collision. Popular lights display relocates to Festus for Halloween season Police had the intersection at Keokuk and South Broadway shut down for some time while accident reconstruction crews tried to piece together what exactly took place. At this point, police have not released details on what caused the wreck.We're told three people were taken to nearby hospitals from the crash scene. Police also revealed that ...

Family displaced from home after overnight house fire

Published Fri, 07 Feb 2025 16:58:12 GMT

ST. LOUIS - People were likely displaced from their homes after a fire overnight.According to the St. Louis Fire Department, everyone inside is accounted for and no one was hurt Monday morning at the home on Blaine Avenue, just off Thurman.Our Nissan Rogue Runner reporter, Nic Lopex, captured footage at the scene just after 1:00 a.m. He explained that the people who live there were sitting on the sidewalk in quite a bit of distress, as you can imagine. Ameren crews were there, cutting power to the building. Home or amusement park? Historic 19th-century estate hits the market in rural Illinois According to the St. Louis Fire Department, the fire started in the basement and then went up to the first floor of the two-story, four-family home. Crews used what's called a 'two-line method' to fight the fire, which requires two hoses and two teams. One crew focuses on attacking the flame directly, while the other concentrates on preventing any advancing flame from spreading.The fire depar...

Metro Call-A-Ride resuming service after cyberattack disruption

Published Fri, 07 Feb 2025 16:58:12 GMT

ST. LOUIS - Metro Call-A-Ride is back up and operating after a cyberattack forced metro transit to cancel weekend rides.The cyberattack on Saturday morning prevented Metro from using their phones or connecting with passengers. That left customers to stand outside waiting for a ride that never arrived. Popular lights display relocates to Festus for Halloween season Trips previously reserved for Monday will be provided and Metro is now taking reservations for Tuesday and Wednesday. Metro Transit is also only able to accept cash at the ticket vending machines because of the network outage.