Q: I have enough assets to fund my income needs and little debt. I have $65,000 in a short-term bond fund for discretionary goals, and it’s down 5%. Should I wait for it to recover or take my family to Europe? –  J.L., Jacksonville

A: Since you have more than adequate monthly income, low debt and the ability to travel, I say go for it! The dollar is so strong against the Euro right now that money will go a lot further in Europe now than it has in decades. Plus, you have to enjoy your wealth while you have your health. –  David Blount

Q: I have a home and want to ensure that my grandchildren inherit it, and not my son. Do I have to set up a trust? – B.A., St. Cloud

A: Consider an enhanced life estate deed (AKA Ladybird Deed). You have all the rights of ownership, including the ability to sell or mortgage the home, but you can name your beneficiaries. When you pass away, your grandchildren will be the new owners without going through probate. – Helen Von Doltern-Fournier

Have a question? E-mail askanexpert@fpafla.com. Include your name (only your initials will be printed), hometown and phone. Questions are answered by Certified Financial Planners from the Financial Planning Association of Central Florida. Answers are for educational purposes only; you should also consult a financial professional. Questions and answers may be edited for space considerations.