Tips on Spending Your Inheritance

Robert Pagliarini, financial planner specializing in inheritance planning, provides six tips below on how to spend and save your inheritance wisely. 

1. Conflicts with the decedent should not influence the money you inherit.
2. Wait to spend the windfall until you actually receive it.
3. Prioritize a wish list to spend the money on.
4. Make sure you keep your insurance policies up to date.
5. Invest 90% of your inheritance.
6. Take ongoing costs into consideration.

See Robert Pagliarini, 6 Tips to Spend Your Inheritance, Money Watch, Feb. 14, 2014. 

Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.