How to Claim an Inheritance from Abroad
inherited ira

If you’ve ever tried to claim an inheritance from abroad, you know the confusion can feel overwhelming. While the deceased may have meant for you to be an heir, the funds don’t magically end up in your account. You’ve got to deal with quite a lot of paperwork and plenty of notarized signatures…. Read more

Should You Leave Your Children an Inheritance?

If you leave your children an inheritance, what will your kids do with your money one day? Most people I meet who receive an inheritance manage the cash influx well. Together, we create a financial plan and then invest according to the plan.
However, sometimes the recipients of large lump sums,… Read more

Why Receiving an Inheritance is Difficult: It’s not “free” money
receive an inheritance isn't easy

Two years after being diagnosed with pancreatic cancer, my father passed away. He left his daughters a houseful of memorabilia and his investment accounts.
Along with the emotional turmoil, I was faced with the task of processing the estate.  I learned a few valuable lessons that I hope you can use to organize your own finances to make it easier for your heirs (in 120 years…)…. Read more

How to Avoid Inheritance Anxiety
Inheritance Anxiety

One of the most common side effects of receiving an inheritance is anxiety. This can be caused by the desire to honor the memory or wishes of the deceased or fear of making a financial mistake. It should be comforting to have more money, but sometimes the cash infusion only increases financial worries…. Read more

How to Overcome the Challenges of Receiving an Inheritance
receive an inheritance

What would be your first reaction if you received an inheritance?
When a client received an inheritance from her elderly aunt, she told me:
“I thought she was going to leave everything to my cousin. I never imagined in my wildest dreams that any of it would come to me. Although the extra money will come in useful,… Read more

The Best Way to Update Investments in an Inherited IRA
inherited IRA

If you inherit an IRA (Individual Retirement Account), it’s important to be aware of the regulations concerning transferring the account to you, the “beneficiary.” In addition to your financial advisor guiding you through the technical requirements for processing the account, your advisor should be able to help you with emotional angst of remaining loyal to inherited assets…. Read more

Avoid These Common Mistakes When You Receive an Inheritance
receive an inheritance

A new client recently told me, “My late father left me an inheritance of an IRA (Individual Retirement Account) worth $1.5 million, and I’m the sole beneficiary. What should I do with it? If I bring the money to Israel, I’ll have to sell the stocks and wire the money to my account here…. Read more

The Best Way to Invest When You Want to Gift Money
inheritance

Recently, a couple with four children of various ages asked me for advice on how to invest funds that they had just received as an inheritance. They didn’t need the inheritance for themselves, and they wanted to pass it along to their children.
The couple’s oldest child was married and wanted to buy a house,… Read more