Shelly Schwartz is a CNBC contributor who specializes in personal finance and retirement coverage.
A CNBC survey found the rich wonder if an inheritance might stifle kids' drive, how much to leave and whether to discuss a coming windfall.
Financial gifts to charity can create retirement income streams, transfer wealth and provide valuable tax benefits for donors and heirs.
One-third of rich families' heirs are at risk, according to a CNBC survey, because they do not have a financial advisor–crafted estate plan.
These 10 wealthy well-knowns have amassed world-famous fortunes but expect their children to make their own ways in the world.
Due to longer lives and higher health costs, more boomers are earmarking their estates for their own use rather than willing them to heirs.
Owning art through an investment fund is appealing to the rich who are looking for access to pieces they can't afford on their own.
Reverse mortgages can help turn home equity into needed cash but carries risks, depending on homeowners' health and financial stability.
Advisors of the boomer generation are grooming—and quizzing—Gen Y prospects in an attempt to revitalize and shore up the industry.
A survey by Caring.com finds that more than half of Americans don't know where their parents keep their estate plans ... or what is in them.
Faced with a rise in online fraud, more financial advisors are instituting cybersecurity protocols to ensure clients' account integrity.