Should I be worried that my relatives haven’t been in contact about late grandma’s inheritance? Context: gma passed away approx 4 months ago. She lived in Virginia and had 2 kids, my mom and her brother. My mom passed away ~10 years ago and uncle lives in PNW. Uncle has two kids (my cousins), my mom had my sibling and I. All of us grandkids are between 20 and 25. My mom moved to the UK where I now live (as does my sibling). We weren’t able…

Unsure how to handle inheritance at 24 years old. Long story short, my uncle passed away and left me about $450k (tax was taken out beforehand). That plus the money I already had from work means I now have $500k to my name. I’m in NYC and recently started a job that pays me $95k pre-tax (no fucking clue how I got it). I live at home but plan on moving out asap. I have $15k in student loans. I’v…

Received Inheritance – How do I not mess this up My wife and I received an inheritance of about $800k. While this is obviously life changing, I grew up with parents that were terrible with money and they lived paycheck to paycheck. Looking for advice on what to do to set us both up for the future. Background: Both mid 30’s, no kids, household income $200k and no debt. We both max out our 401k’…

Gaining inheritance and not sure what to do with it Hi all, My mother is about to pass away, and my siblings and I are getting our inheritance split evenly 3 ways. For background, I am 23(M). Have about $5K in credit card debt ~$8K and 3.5 years left on a car loan at 13%. I will be getting about 100K from her 401K retirement account. 1/3rd of my father’s $250K life insurance from when he passed i…

Small inheritance, which debt to pay off first? I’m currently $33K in debt. I recently received an inheritance of $12K and I’m wondering what to pay off first. Here’s the breakdown: $9K loan-25.99% APR. Currently making payments of $390 a month. Four credit cards with 25.99% APR- $11K, $5K, $5K, $3K . Making slightly over minimum payments on all four (totalling around $700/month) Is it better…

How should I handle the inheritance my Aunt left me? My aunt (my Dad’s only sibling) and I were very close. My aunt did not have children of her own but was also not particularly close with my Dad or my brother. She had asked me to sign to be her power of attorney and executor of her will about 8 or 9 years ago. My Uncle died from COVID towards the end of 2020, and my aunt recently passed away in …

inheritance at 18, now what? Hi. 18f. My mother passed away from Covid and my father is receiving a dementia diagnosis, I am his POA, and both of my parents’ only child. I did not plan on having to enter adulthood without a present parent, and I would give anything to have the guidance my peers get at a young age. That being said, I have found myself completely financially …

How does a Money Market account work / How do I make the most of my inheritance? I apologize if this is the wrong sub to post this in, please direct me to a better sub if that’s the case, I just really need advice. I’m trying to save for grad school and recently received a 6k inheritance. My plan was to put 4k in a CD (I have some problems with impulse spending, so not being able to touch it for X amount of time helps.) I w…

What to do with inheritance from grandparent A grandparent recently passed. My father gave me 40k per their wishes, and he inherited some property. He recently informed me that he would be gifting me 100 Acres of farmland in Western Texas and said “do whatever you want with it, i have no emotional connection to it” I live 3 hours from the property, it has all the mineral rights with it. It…

What to do with cash inheritance I inherited a decent amount of cash. I have some expenses coming up for 25%-30% of what i inherited and don’t want to lock that money up where I’d have to pay penalties to get at it, but I’d like it to earn some interest in the mean time (12-18 months). The rest i planned to invest for long term gains. I have a 401k and HSA through work. I have …

Paying off the house with inheritance Hi everyone, here’s my situation: We own a house that’s valued at $645k; we bought it for $372k in 2017. Refinanced at 3% APR in 2020. I currently owe $327k. Unfortunately, my father passed away in April and I’m inheriting a substantial sum from his estate. We also have plans to move from the US to Portugal in the summer of 2024 under the D8 “D…

Should I give my kids some of their inheritance before I die? Throwaway account because I need your thoughts not karma. Through a lot of hard work and a very large amount of luck I was able to retire early and not need to worry about money with the possible exception of unexpected medical bills. I have 3 children who are in their early to mid 30’s – they are all doing OK, finding their way in life and I am…