Get all your news in one place.
100's of premium titles.
One app.
Start reading
Kiplinger
Kiplinger
Business
Phillip Reed, JD, CAPP™

Treating Your Inheritance as 'Extra Money' Is a Sure Way to Blow It: Instead, Use This Simple Technique for Financial Windfalls

(Image credit: Getty Images)

Receiving an inheritance can feel like winning the lottery. All of a sudden, there's a significant lump sum of money, and the excitement is overwhelming.

But without a clear plan, that rush of emotion can lead to impulsive decisions that can alter financial trajectories and erode newfound wealth.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.