A Reader Recently Asked Me About Dealing With An Inheritance, So I Will Be Addressing Those Issues In This Article
It may be likely that you will receive an inheritance at some point in your lifetime, most often from a parent. It is important to realize and respect that along with the money, an inheritance often carries a variety of emotional reactions.
I often hear clients speak of the burden of the inheritance and the strong wish to use the money in a prudent manner. Some want to make sure a portion of the money continues to be passed down in the family. Many remember the effort required to accumulate the money and want to be good stewards of it. Since the money may significantly alter your current and future living conditions, the emotions can be mixed and varied.