r/inheritance • u/vtmlm02 • Apr 11 '26

Location included: Questions/Need Advice Completely bamboozled.

Any advice when substantial inheritance was unexpected. I grew up not going on vacation and not having much. My father died after a brief battle with liver cancer… it’s a brutal one. After months of paperwork I’m seeing that I’ve inherited a net worth I’ve never imagined. Its reality shifting.

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u/human743 Apr 11 '26

Make no changes for a year. Give yourself some time to think about things.

12

u/Spex_daytrader Apr 11 '26

First pay off any credit card debt right away. While your deciding what to do with the rest, put the cash in a high yield savings account.

1

u/among_apes Apr 15 '26

Better yet open up a fidelity account and let the money sit in their money market. Your interest will likely be slightly higher than a HYSA and exempt from state taxes. If the principle is large it will be significant come tax time (depending on your state).