Receiving an Inheritance

05/03/2025 29 min Temporada 1 Episodio 4
Receiving an Inheritance

Listen "Receiving an Inheritance"

Episode Synopsis

In this episode, Michael and Tyler explore a sensitive yetimportant topic for many:What happens when you receive an inheritance from a lovedone?While the emotional toll of losing someone is undeniable, thereare also significant financial considerations to navigate. Tyler andMichael discuss some key steps to take when receiving aninheritance, with a major focus on understanding the taximplications. Inheritance-related taxes are often the biggest question, and inthis episode, they break down some of the most common taxsituations most people face when they receive a gift from a lovedone. As the episode wraps up, Tyler and Michael shift focus toactionable ideas for using the inheritance money wisely. Tune in as they discuss strategies for paying off debt, creating income, andinvesting for long-term goals, giving you a comprehensiveroadmap to make the most of your inheritance.Click here for the Free Inheritance Checklist (no email required)Click here for the Free Inheritance Flow Chart (no email required)Learn more at www.efteam.us

More episodes of the podcast Retire Wise: Your Road Map to End Dependence