You’ve inherited a large sum of money … now what?

Description

Abstract: Nearly $30 trillion will pass from one generation to the next during the next 30 years, according to a recent study. But, for those who are fortunate enough to receive a significant inheritance, the large influx of cash can greatly alter their financial situation and thus the strategies that are appropriate. This article advises that such a recipient first put the money into a liquid account while mulling their options — and then go over those options with an expert financial advisor.