What To Do With Inheritances

Death is a fact of life, but I swear I’ve never seen it celebrated so much as when there is a lot of money on the line.

Some relatives get downright ghoulish waiting for the wealthy one to pass. They just know that the money is coming their way and they are salivating over it. They start making plans for what to do with the money and sometimes even flaunt those plans in front of the dying. (Note to all of my relatives: If any of you do this over my deathbed, I will cut you out of the will immediately.)

Even people who aren’t eager for the wealthy relative to die are sometimes guilty of planning for that inheritance. I know a woman who saves nothing today, instead choosing to live


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4 Responses to What To Do With Inheritances

  1. nick says:

    I think that more importance should be put on trying to create your own source of wealth, and then having the inheritance as a backup. I know not everyone can save up a lot of money, and a big inheritance will substitute for that. However, the important thing is to remember that money doesn’t make you happy. Hopefully when the time comes to inherit a sizable amount of cash you can already be in a happy state. Then you can use the money to pay off certain bills if you have them. Spending the money quickly isn’t the best way. Live a happy life and the correct path will illuminate itself. It would be nice to not need that inheritance and be able to pass it down to your kids, or even better, give it to a charity. People who bank on getting an inheritance to fund their expenses are desperate. Live a full life and hopefully the inheritance can be a nice afterthought.

  2. Linda says:

    Well said and amen to what you both said.

  3. Gail says:

    Something I sure don’t have to worry about. No one in my family has any assets worth drooling over.

  4. baselle says:

    As somebody who received an inheritance, remember that the increase in money itself, separate from emotion, is extremely disorienting when it comes in. Even if you wait or get excited or think you know how you will handle a large amount of money, until the zeros show up, you don’t know. A good dose of humility is necessary.

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