1. Discuss the impact inflation has on a client who wishes to leave his heirs a sum of money equal to its present value.
2. Discuss, from the authors' perspective, why it is so important for families to "change their attitude and perspective" when it comes to increasing savings and investments.
3. List some reasons why a personal financial statement is a key tool in the financial planning process.

Answer rating: 100% (QA)

Impact of inflation on leaving a sum of money to heirs Inflation refers to the general rise in the prices of goods and services over time leading to a decrease in the purchasing power of money For cli... View the full answer