You Got a Large Inheritance - Now What?
Receiving a large inheritance, whether expected or unexpected, can bring financial relief but also cause stress. Here's advice from an expert on what to do right away.
Key Takeaways
- Deposit inherited cash into FDIC-insured savings accounts (up to $250,000 per account), and open multiple accounts or use a brokerage account if your inheritance exceeds $250,000
- Before spending or investing, clarify your financial goals: prioritize paying off debt, investing for growth, or allocating funds for specific life needs
- Hire a financial adviser to review your inheritance plan and ensure your decisions align with sound financial strategy and your long-term wealth goals
You Got a Large Inheritance - Now What? Receiving a large inheritance, whether expected or unexpected, can bring financial relief but also cause stress. Here's advice from an expert on what to do right away. Watch more videos about Estate Planning on FinStream TV at this link: https://www.finstream.tv/
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