I’ve Inherited a Lot of Money. Now What?

First, put all major decisions on hold. A financial planner can help you come up with a plan that addresses your goals, dreams and needs.

Multigeneration family relaxes on a retaining wall watching the sun set.
(Image credit: Getty Images)

It’s no surprise that many people who inherit millions of dollars are uncertain about what to do with their newfound wealth. The possibilities of becoming a multimillionaire overnight can be overwhelming, especially during a period when most are grieving the loss of a parent or other loved one.

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Erin Hadary, CFP®, MBA, CAP®, CeFT®
Partner, Moneta

Erin Hadary is a CERTIFIED FINANCIAL PLANNER™ (CFP®) professional and a Partner at Moneta. Based in Denver, CO, and serving clients nationally and internationally, she specializes in financial planning for life transitions, including retirement and sudden wealth. When a person inherits a large amount of money – often referred to as “sudden wealth” – they are often overwhelmed and getting personal financial planning help can be life-changing. Erin has more than 15 years of experience in comprehensive wealth management and personal finance. In addition, she has expertise in managing individual and institutional investment portfolios and philanthropic advising.