After an estate is settled, many people aren’t sure what to do if they receive an inheritance. There’s paperwork to fill out regarding legal and financial issues, and a lot of people may put off making difficult decisions so soon after an emotional loss. Even if you get a large lump sum, many people make mistakes and find out the money doesn’t go as far as they might have thought.
CNBC has four examples of poor decisions made by people who inherited money, along with advice on how to avoid those mistakes.
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