On the one hand, it’s overwhelming, thanks to the intense emotions associated with losing a loved one combined with the confusion about what to do with the newly acquired assets. On the other, an inheritance can re-invigorate your finances and create new opportunities for you and your family.
Most inherited assets are unmanaged. The best way to understand this is to imagine your grandfather leaving you his investment portfolio after he passes away. If he doesn’t stipulate what you can do with it or when you get it, his gift is unmanaged…..Read More