You find out you’re receiving an inheritance and the first thing that comes to mind is – What next?
Inheritances can provide incredible flexibility but without effective financial planning, you may miss some of the organized steps needed to get there.
This process is often emotional and can create extra decision-making that seems daunting.
Helping many clients through this process, we’ve made a list of several of the more important things to accomplish when you know an inheritance may be coming your way.
1. Take Inventory