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
Recently, a couple 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 (four children with a wide range of ages).
The couple’s oldest child was married and wanted to buy a house,… Read more
What should you do if you inherit a portfolio of stocks from your parents?
Should you sell inherited stocks?
To answer the question of whether you should sell inherited stocks, start by asking yourself whether you would buy these stocks if you had extra cash.
You have no moral or legal obligation to keep the positions just because your parents owned them…. Read more
Many of my client relationships began as a result of receiving an inheritance. The sudden infusion of money is a good impetus for a review of one’s goals.
The first thing to do when you get an inheritance is – nothing. There’s usually no rush to spend or invest the money…. Read more
In my job as a financial professional helping Americans living in Israel with their U.S brokerage accounts, I regularly receive calls from people who just received an inheritance and don’t know what to do with it.
The first three things you should do after receiving an inheritance are:
Take a step back
Many emotions surround an inheritance…. Read more
