Is the best way to inherit money through a Trust? I am the sole beneficiary of someone who is elderly, and they want to protect the transfer of assets that will happen one day. We are uncertain of what happens if they simply pass away and money comes to me — for example, are there inheritance taxes or similar? We also fear the worst case where long term care is needed and they are drained of t…

Bank requiring me to open an IRA in my name to inherit one? I’ve inherited a very small IRA and the bank where it’s located is telling me I must open an IRA in my name which they will then transfer the money to and this is the only way for me to access the money. I hate the bank in question and don’t want to get involved in with them by opening an account, even if I can close it immediately. Is there any…

About to inherit $20K, what should I do??? Like the title states, I’m about to inherit $20,000 and wondering how to best utilize it. I have a good job right now that Im happy with and renting currently with $10K in credit card debt and $26K in car loan, no student loans. My plan before I knew about this was to work on paying the cc debt down this year which I think I can do for the most …