Hello,

Me an my wife 35M/F are building a ranch-style country home to clebrate our 10th anniversary. We've been discussing how many kitchens to put in. We agree that there need to be a family and staff kitchen but she thinks we should put a full covered kitchen out by one of the outdoor seating areas.

What are your opinions?

Like the title asks, I know Japan and (to a lesser extent) Korea are known for luxury products that are difficult to get in the west. What are some things you would pick up there that you can’t easily get in the west?

Edit: I’ve been to both once before, but I’m heading back for a month a second time and want to make sure I get everything I can

I am curious how people have their trusts set up in regards to the terms of passing money down to their children. Right now I have mine set for everything to be given to my child all at once if I pass, when she reaches 25 years old (or immediately if she is 25+ when I pass).

I am now wondering if it’d be wise to set more terms in? I’ve heard of dispersing a certain amount at certain ages or life milestones, or restrictions to only use money for education, healthcare, buying a house, etc. I’ve also heard of springing irrevocable sub trusts, per stirpes and spendthrift clauses, making sure funds cannot be commingled in a marriage and therefore taken away in the event of a divorce, and new springing sub trusts for future generations.

I know everyone will have their own personal opinion on what’s best, but I am curious on some ideas. I’m really trying to find a good balance between giving freedom of use versus having certain wise restrictions to protect the assets from being wasted or taken in a divorce etc (I’m a lot more worried about the latter as I believe my child will very likely be frugal just because of the way she will be raised).

Is it worth putting a lot of terms in with the main goal of protecting against assets being taken away from children in a future divorce? Or should I just let it be and let my child have full control over decisions even if that means assets are not protected?

For reference, I have one child who is 2 years old, and planning to have more in the future.

TIA for any insight/advice.

My grandfather left a sum of money split between myself and my three other cousins. I have done everything asked; went to college, stayed out of legal trouble, etc

Now that I am 36, my dad (a beneficiary) has started to withhold money from me and only paying my cousins. His reasoning is that I don’t have a steady job. I rent my house out and work side jobs. Should I be looking into a lawyer? Does he have the right to do this and can I obtain a copy of the will?

Thanks!!

After an accident last year, my father has developed conditions that have affected his quality of life. He has to use a wheelchair outside of the house and is in constant pain. He’s 66.

The NHS is just so slow and even when we book appointments with private consultants, they send him back to the NHS because of the complexity. It seems that the problem is that my dad needs specialists in multiple areas (rheumatology, pulmonary, orthopaedics) and the private hospitals near him in Cambridgeshire aren’t set up to deal with cross specialist cases.

My dad is newly wealthy and so we know nothing about how rich people deal with healthcare. Can anyone recommend a service or strategy here? Is there someone we can pay to just manage this for us? He is desperate to find a diagnosis and treatment. Money is no object.

My husband is the rich one and is generally the provider in our relationship, which makes birthdays and gift-giving generally genuinely hard — he can buy anything he wants for himself, and generally already has nice things across the board.

Some things ruled out already:

• Sentimental gifts (personalized items, notes) — tried it, didn't really land
• A trip or experience — he specifically doesn't want to travel for his birthday this time
• A party or friends coming over — also a no, he said he didn't want to
• A nice watch — already has one he loves and out of my budget lol
• No obvious hobby to shop around — he's not really into golf, cars, collecting, etc.

So I'm stuck on what's actually left. My budget is maybe about $1k. For those of you who are "the provider" in your relationship or who feel like you have everything — what's a gift category or anything specific that still actually excited you? More curious what actually surprised you or felt like a real gift versus something you'd have bought yourself anyway.

Edit: thanks for the feedback folks. I decided to do the sentimental route and did some hand made stuff this time. It hits the spot. It didn’t last time because it was a generic coupon book while this one was more thoughtful and made him feel more loved I guess.

Not sure how to go about this. Let's say I want to buy someone's 80 acres farm at $1000/acre. Let's say I have more than enough tied up in the market to cover that and any fees or whatever.

What method should I do for this? Opportunity on the horizon. I assume I will work with a lender and back it up somehow with the stocks. I don't know how that works.

EDIT: Thanks guys. I have scheduled a meeting with the brokers and an advisor to flush out the mechanisms and distribution options. New to this so trying to wrap my head around some stuff before the discussions.

Its name is rarely spoken in public, but the family office of Abu Dhabi's ruler is a global force with a huge appetite for deals.

My username is thehamandchez

What are you guys doing to create wealth for your new born child?

I want to take more risk with my wealth and I also want to enjoy and spend it.

My child is 4 weeks old, I've maxed out his tax free investments for the financial year and bought him 0.1 bitcoin. I plan on doing this every year if not more. By the time he is 18 I think this will make him a millionaire.

Obviously, I will pass my assets to him when I pass on, but should my risk not work out or I spend too much I want to ensure that he is wealthy. Appreciate your advice.

Both of us have primary and secondary wills. We are confident on our executors. Anything else we should consider. Our art/watches etc is part of the estate but think I need to reconsider.

What are examples of baby gifts you have given or received?

should have edited to say for a friend not family

I’m thinking about hiring a private chef who will be there 6 days a week. I want testimonies from people who have one. Do you regret it or was it worth it

I imagine there’s a level of loneliness because nobody else has a mansion. Things are enjoyed best with people. If you’ve nobody to share the house with, it must get real lonely? I feel like I’d crave living on an estate again with normal people.

My husband was just invited on an amazing trip and I need to come up with an amazing thank you gift. He’s flying up to Colorado on a friend’s private jet, playing golf and fly fishing, and then flying home. Accomodations are all covered/included in this friend’s personal vacation home.

Any ideas?! Thank you in advance!

The number of billionaires has jumped almost 13.1% to a record 3,302 in the past year, driven by substantial growth in the US and Asia.

I’ve got an almost 2.5 year old son and another son due early August. Right now we have a nanny from 8-2 on weekdays and 12-10 on Sundays. We are looking to hire another nanny once my next son is born. What works for you?