Скачать или смотреть Managing an Inheritance: Essential Steps for Beneficiaries

Getting an inheritance is a significant event that requires careful handling. Here are key steps to consider:

1. Seek Professional Advice: Understanding potential tax implications and liquidity issues is crucial. Professional guidance can help navigate these complexities and help you prepare.

2. Adjust your Financial Plan: Once you know exactly what you will inherit after taxes, incorporating it in your plan will help ensure that you have the visibility necessary to utilize your inheritance toward your original goals, and any new or modified goals in the most efficient way. Avoid making sudden, drastic changes like quitting your job. Stability is important for long-term financial health.

3. Maintain Stability: Don’t let the inheritance change your way of life. Avoid making sudden, drastic changes like quitting your job. Stability is important for long-term financial health.

4. Talk About it Before it Happens: Have conversations with your parents about potential inheritances and associated issues. This can be challenging but necessary. For more on this, see our video on family meetings.

If you anticipate receiving an inheritance, seek advice now to develop a plan. Reach out to us so we can help you plan wisely for the future.

Schedule your 15 Minute Intro Call with Wendy! - https://calendly.com/wendy-cox/15-min...

#inheritanceplanning #financialadvice #financialplanning #planahead #smartchoices