SAN FRANCISCO (09/08/15)--One in three Americans who receive an inheritance blow it within two years. An inheritance might seem like fun money, but it’s best to give serious thought to how you’ll use it (MarketWatch Sept. 3).
Use this advice to put the money you inherit to good use and take the amount you’re receiving into consideration:
If you still have money left, work with an adviser who knows you, your goals, your timetable, and your risk tolerance--not just someone who sells investments. Then:
For related information, read “Don’t Let a Windfall Become Your Downfall” in the Home & Family Finance Resource Center.