Getting an Inheritance? Here Are 4 Things to Consider

Heirs receiving an inheritance can expect the process to take time. Having a plan for the money and consulting with professionals are also things to keep in mind.

A young woman sit together on a park bench while the older woman signs some paperwork.
(Image credit: Getty Images)

Getting an inheritance can feel very much like a mixed blessing. It often comes after the passing of a loved one – while you’re dealing with the emotions of losing them and trying to organize financial and administrative affairs.

You can’t always predict what is left in a will, but if you have received or anticipate receiving some type of inheritance, there are important things to consider that can help you prepare for the issues that heirs face. Here are my top four.

Julia Pham, CFP®, AIF®, CDFA®
Wealth Adviser, Halbert Hargrove

Julia Pham joined Halbert Hargrove as a Wealth Adviser in 2015. Her role includes encouraging HH clients to explore and fine-tune their aspirations — and working with them to create a road map to attain the goals that matter to them. Julia has worked in financial services since 2007. Julia earned a Bachelor of Arts degree cum laude in Economics and Sociology, and an MBA, both from the University of California at Irvine.