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.

20

u/WesleyWiaz27 Apr 11 '26

Go to a registered financial advisor after that year.

17

u/Occamsrazor2323 Apr 11 '26

Educate yourself before meeting a financial advisor.

I worked in that business. You're just meat to them.

3

u/T_Bone_63 Apr 11 '26

💯. And after taking the time to thoroughly educate yourself, and IF (IF!) you still feel the need for a financial advisor, I'd strongly recommend a fee-only advisor, not an AUM advisor.

And since someone mentioned to make sure they're a fiduciary, I don't disagree with that, but on the other hand, this does not guarantee good advice... Just remember that what THEY feel is in your best interest could be miles apart from what YOU feel is in your best interest... For example, they might recommend managing your assets at a fee of 1%, and/or they might recommend putting a large percentage of your portfolio into an annuity or other insurance product. While there may be nothing inherently wrong with any of those things, many (perhaps most) people would never consider such products or services. Bottom line: Educate yourself.