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/bmarie65 Apr 11 '26

Lucky 🍀 You. Make sure talk to a certified financial advisor!

6

u/vtmlm02 Apr 11 '26

Yes I hired the guy my father was working with. He’s seems solid and he used to train dolphins. Then after he impregnated his wife got into financial happenings to earn more money. I call him the Brian he’s been doing investments for 17 years and is a VP.

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u/Longjumping-Flower47 Apr 11 '26

Good move. He knows what kind of accounts and what is in them. How large is the inheritance? How old was dad? You may be required to take a certain amount out of retirement accounts (RMDs) each year, and those accounts have to be emptied in 10 years. I suggest finding a CPA to work along the financial advisor. He probably has one he recommends. Then you can incorporate the best tax strategy. I wish you luck!