BEQUEATHMENT

Receiving an Inheritance

Receiving an inheritance is often accompanied by a range of emotions, including but not limited to: Grief over the loss, a sense of responsibility to use the money well and a feeling of being overwhelmed by the many decisions to be made on how to spend it.

Consider hiring a financial advisor to help you make sound decisions and get the right legal assistance to make sure your will and other legal documents reflect your new financial status.
Receiving an Inheritance


Once the worst of the emotional storm has passed, take some time to set your financial goals so you can choose between debt reduction and investing and take the right steps to manage your inheritance.

With a little forethought and professional guidance, you’ll be able to turn your inheritance into long-term financial security, no matter how big or small an amount you received.

Posted By forumtroll Feb 12 4:30 PM
I wish I received an inheritance! Boo!

See All Comments
Leave your comment

reply

 
When your finances become too complicated to handle, a good financial advisor can save you money and stress . There are as many ways of handling money as there are of acquiring it, and even when you know what kind of advisor you want, you still have to know how to find them. Let the experts at Mainstreet.com help you make your perfect financial marriage. Read
We all have financial goals. Some of us have short-term goals, like buying a car or getting out of debt. For others, the emphasis is on reaching long-term targets; paying a child’s tuition, for instance, or supporting elderly parents. You may even be at the stage where you’re planning for your retirement.

It's important to set those goals now. We can help. Read
Setting up a system that works takes less effort than diving into boxes of receipts at the last minute; staying organized can help you keep track of your money, make better financial decisions, and even avoid an IRS audit. Spending a few hours getting your finances together costs a lot less than spending thousands to get an accountant or tax attorney to clean up your mess. So, let's get you organized. Read
Death and taxes are unavoidable. Fortunately, it's possible to get help when dealing with the IRS. For many taxpayers, getting tax assistance can save money, time, and headaches. Whether you need to survive an audit, file a tax return, or make enough deductions to qualify for a big refund, here’s a guide to finding expert tax advice. Read
Hiring an attorney requires a combination of research and knowledge; not only do you need to know who they are and what they bring to the table, you need to know your precise legal needs before meeting with someone. This guide will help you find your perfect legal match, with everything from where to research a prospective lawyer to figuring exactly what kind of attorney you'll need. Read
When you find yourself on the receiving end of a nice lump sum, it's tempting to just spend it all on something cool and expensive. But you have to stop, count to ten, and decide if you might not want to do something sensible with the money. Whether you want to invest or pay off your debts, spending money can be almost as hard as earning it. Read
Receiving an inheritance can be an emotional roller coaster; after all, you are receiving a sum of money following the death of a loved one. The intense feelings of grief which usually accompany the process can make it difficult to make sound financial choices. Following these simple guidelines can help in making clear-headed decisions to manage your windfall. Read

I wish I received an

I wish I received an inheritance! Boo!

Take a Stroll
Down MainStreet

  NEW: Photo Galleries. Click to see more pictures.
Jim Cramer's Charity Auction Picks
Want To Bid On The Hottest, Most Exclusive Items... All In The Name Of Raising Money For Charity?
Sponsored Links


 
© 1996-2008 TheStreet.com, Inc. All rights reserved.