Infographic: Read this before making plans for an inherited windfall.
Contact us for help handling your inheritance.
Infographic: Don’t rest on your laurels yet
- Get the details. The estate's executor can tell you what you'll receive, when, and in what form (for example, real estate or retirement accounts).
- Take stock. What's your current financial situation and how will it change? Work with a financial advisor to identify goals and make investments that work with what you already own.
- Sell what you don't need. Don't hang on to a valuable painting you don't love or a renal property you can't manage for sentimental reasons.
- Plan for taxes. Talk with a tax advisor about whether (or when) you should sell assets to reduce capital gains tax exposure.