An inheritance can be a blessing — but it can come with big decisions. Whether you’re on the receiving end or planning to leave something for others, it’s worth thinking through how to handle it wisely.
According to the Bureau of Labor Statistics, about 30 to 40 percent of households eventually receive an inheritance. With roughly 4,000 clients and customers connected to Eder through retirement plans, insurance, organizational investing, and planned giving, that means between 1,200 and 1,600 of our members are likely to inherit money at some point. That’s why we believe it’s important to share what to do when that day comes — and how to plan now.
Inheritance is wealth or possessions that are passed on without the expectation of work in return. You don’t earn it — it’s given freely, often as an expression of love, gratitude, or a desire to help future generations. It can take many forms: cash, land, a house, stocks, antiques, vehicles, or other assets. Inheritances are usually transferred between people through a legal document such as a beneficiary form, will, or trust.
In many cases, people leave behind their savings or property when their estate is settled. At some point, you may receive a modest inheritance from a parent or other family member. If they’ve prepared a will, it helps guide how the estate will be distributed, though probate may still be required. Without a will, the court follows state law to decide how assets are divided.
Sometimes inheritances are small and simple to handle. Other times, the amount or type of assets can feel overwhelming, bringing both opportunity and responsibility. In either case, taking the right steps early can make all the difference. One helpful way to think about it is to treat part of the inheritance as long-term principal to protect, and part as discretionary funds you can use for meaningful spending, giving, or enjoyment.
So, how do you approach it? Let’s break it down. .png)
Inheritances hold deep emotional and practical value. Receiving one can strengthen your financial position and open new opportunities. Giving one allows you to bless and support the next generation.
We believe these moments are about more than money — they’re about legacy, generosity, and stewardship. With decades of experience helping our community align their finances with their faith and values, we provide education and resources to help you make decisions with confidence.
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This information is just a starting point. Take this information to a trusted financial adviser, who can help you tailor it to your personal goals and circumstances. With thoughtful planning and wise guidance, your inheritance — whether given or received — can become a lasting gift that honors both the giver and the generations to come.
For further reflection:
Navigating Inheritance: A Reflective Guide for Millennial Creatives - Singer Wealth Management
What to Do with a Large Inheritance - Investopedia
Dos and Don’ts When You Get an Inheritance
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