What to expect when you've just received an inheritance

Where to Start

Receiving an inheritance can be an emotionally charged situation, it’s easy to make hasty decisions. Having a financial advisor can help you be more objective and make plans to use the money effectively. 

Make a Plan for the Money

Thinking of where you want to be in five or ten years may help you make long-term plans for your future needs, from retirement to putting your children through college.

Protect Yourself From Taxes

The amount of inheritance tax you face is often out of your control. However, you can take steps to lower your tax liability for the future by making wise investments. Talk to your financial advisor about how your inheritance will be taxed and your options to keep as much as possible.

Learn to Say No

While it’s good to be generous, you need to know when and how to say no to others, and maybe even to yourself. A financial advisor can help you review your plans and give you objective, long-term advice about how to save or share your inheritance, in a tax-efficient way.

A Financial Advisor Can Help With Your Inheritance

Whether you want to make long-term investments, pay off debt, or simply explore your options, having a professional on your side makes a big difference. With the right advice, your inheritance can become an even better gift and provide security for many years to come.