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Kiplinger
Kiplinger
Business
Christopher C. Giambrone, CFP®, AIF®

Three Essential Strategies for Managing Your Inheritance

A couple smile as they work on paperwork at a desk, across from a financial adviser.

Inheriting wealth can be a life-altering event. While it may seem like a straightforward financial boon, it comes with its own set of complexities and emotional nuances. Whether it's a modest sum or a significant estate, managing an inheritance responsibly requires careful thought and planning. Here are three key considerations to keep in mind when you find yourself the beneficiary of inherited wealth.

1. Understand the tax implications.

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