Making the most of an inheritance
Published 8/25/15By Peter Andrew
The very worst thing about getting older is that your family and friends do too. And that, naturally enough, means they begin to die in increasing numbers. I lost my best friend three months ago. And, over the last decade, both my parents have died along with a score of friends who were very dear to me.
Nothing makes up for such losses, but occasionally people remember you in their wills. Usually, you get some small memento, perhaps something you once admired. Rarely, a financial legacy comes your way, though usually only from close family members. Suppose you one day get a four- five- or six-figure check from a loved one's estate. What should you do with it?
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