Wife receiving UK inheritance while living in the US. So my wife is set to receive an inheritance from her Aunt and Uncle passing away. We live in the US, my wife is a legal resident. Her inheritance after everything is liquidated, is estimated between 1 and 1.5 million US dollars. We already plan to get someone versed in both US and UK inheritance laws, the lawyer/solicitor for her Aunt and Uncle…

Nearing retirement, where should I put inheritance? I’m 57 and eligible to retire from Federal Government. My husband is 56 and eligible to retire from State Government. I have 600k in my TSP (401k) and he has about $200k in his. We owe $100k on our mortgage, and a few other debts that we can pay off fairly easily. While eligible to retire, I didn’t think we had quite enough in retirement savings…

What did you do with your inheritance? Seeing a big 5 digit number in my savings just reminds me that they died, it’s so hard to look at. Maybe that will go away with time? My mortgage interest is only 3.5 so really not in a huge hurry to throw extra money at the house Buying a car with it, while useful, would make me feel like once the car inevitably rusts out or quits for whatever …

Parent passed away, inheritance question I’m just going to throw some rounded numbers at you and maybe you could help me with my expectations as to what will happen next: Parent passed, left everything 50-50 to me and sibling. Parent was 100k in debt (cc, loans, and one heloc)… There could be more, this is just want I found. House has mortgage of 150k, and the Zillow estimate is th…

Sudden inheritance. What do I do I’ve read the windfall wiki and some some similar threads. My father died after a long illness last year and then my mother this month unexpectedly. She was always private about finances, but had a settlement she kept secret and invested with my brothers and myself as beneficiaries. Long story short, after life insurance, investment accounts, s…

My sister claims an inheritance was deposited into her bank account by mistake. She and the person it was supposed to go to have the same name though they have different birthdays and different middle initials. Can this happen without her knowing about this inheritance beforehand? submitted by /u/Throw-Away7749

40K Inheritance: To Save or To Pay Hello everyone, I (31 M) recently came into about 40k from my mom as inheritance and have been trying to figure out what to do with it, besides letting it sit in my bank account. My wife and I have worked very hard to get out of debt and raises our credit scores to about 750. With the inheritance I’ve been thinking about paying off or down our …

My mother passed away and I want to smart with my inheritance. Please help so my mother passed away and left me 80k in an Ira account. Her home was transferred to my sibling and I without need for probate court. There is a mortgage with about 70k left on it and about150k in equity. I have about 12k in credit debt but own my vehicles outright. I have been paying off what debt I can and living very tight for a while with…

$35k inheritance. Not sure what to do. Hi, everyone. My partner’s precious mother passed away in August 2024. We are about to inherit about $35k. We are somewhat financially illiterate. Can someone help us decide what the safest option would be for us? We have some debt, but we aren’t sure if it makes more sense to use the money as a down payment to buy a home. We are incredibly nerv…

What should I do with $5,500 inheritance? My grandparents have been holding my inheritance from my great gma but I turn 25 in a few months and will be getting that $5,500 directly into my bank. Am wondering what the best way to use that money is? I have about 14k student loan debt that I’m paying down about $70/month. I have about 8k in auto loan debt on my car that I pay down $388/mont…

Ideas for small inheritance placement? We received an inheritance of 40k and are curious the best place to put it, for the time-being. Helpful info about us: We are not well-off and really, and live almost check-to-check. We have some credit issues with a few collections present on our credit reports. We do not have life-insurance, don’t have a retirement, and we rent a home. We own…

Taking a loan as a young person and buying my inheritance from family Edit: made the post more concise Hi all, I’m struggling with a big decision and could really use some advice. My grandparent is gifting her property as a “preheritance” to me (29F) and two middle-aged family members. The property includes: -Two log cabins (approx. €100k in total value) -A patch of forest valued at around €100k The cabins are in …

I received an inheritance of $20k and I don’t know what to do with it Title really says it all, I do have about $7-8k in debt which I will obviously pay off, my grandmother was a music teacher and I have been a musician my whole life so I’ll probably spend a little bit on that, like a new computer for recording since mine is over a decade old(I have done recording as a full time job for a few years before I wanted…

Inheritance and I have so many questions I recently learned I’ll be receiving an inheritance from a second-degree relative. While I’m incredibly grateful, it’s a sum that feels overwhelming to manage. It’s more money than I’ve ever had at once, but not enough to retire on or live worry-free. Here’s a little about me: I’m a 59+ year-old woman who has faced many financial challenges thro…

What should I do with this inheritance???? Hey everyone, basically my situation is this- I make 120k per year about 7k after taxes per month. I’m 24 YO working in the govt industry as an analyst. I am inheriting 300k in about 2 months. I live at home still and have no rent or mortgage. I have a 35k car loan, no CC debt. Minor student loan. I plan on using some of the 300 to pay off my ca…

“Die With Zero” and inheritance timing I recently read the book “Die With Zero” and I appreciated what it had to say about inheritance. Namely that while understandably people feel the need to make sure they have enough money to cover the outrageous costs of end-of-life care, let’s say you end up still dying with a significant estate – six-to-seven figures. If you die at 85 and your …

Increasing inheritance through property Hi all, My wife and I have some sound investments and we have witnessed our families make some poor choices with property in regards to inheritance. For example, letting go a good rental property in a strong market with no debt only to put the money in the bank. My parents are currently looking at selling an investment property to become debt-fr…

Sudden Unexpected Inheritance So this is going to sound far fetched, but I found out today that I’m getting a check for $3.7 million due to an unexpected inheritance. I know absolutely nothing about money. I’m 54 and have always worked in a blue collar healthcare job. I have a 401k and that’s about it. I’m not at all good with money, at least from a financial planning persp…

Seeking Advice: Receiving Inheritance Dear personal finance community, I’m on the cusp of receiving an inheritance from my recently departed aunt, estimated at around $150k. This comes at a pivotal moment for my family, and I’m reaching out for your collective wisdom to navigate this unexpected windfall with care. Here’s our current financial situation: Debt: I have about $20k in…

Kennedy’s Inheritance: How Addiction and Trauma Shaped a Turbulent Life Donald Trump’s pick to be health secretary, Robert F. Kennedy Jr. has reached a pinnacle of power after a life of fame and addictions and a career intertwined with conspiracy theories.