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Kiplinger
Kiplinger
Business
Kiplinger Advisor Collective

Six Steps to Take if You've Recently Inherited Money From a Loved One

Older woman working at home and looking worried.

Inheritance can often feel like a double-edged sword. While a large influx of money can be a welcome blessing to those who may be in debt, are looking to purchase a home or a business or are wanting to start investing toward retirement, inheritance also often means the passing of a loved one and a period of emotional turmoil and grief.

When paired together, these two major life changes can cause even the most financially savvy person to make a few mistakes. While emotions are high, it’s unwise to make any major financial moves. Instead, allow time for grief and healing before moving forward.

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