inheritance


10 Things You Should Know About Inherited Money

If you’ve inherited money, start by knowing it takes a while for the money to land. The executrix needs time — months and months — to get things retitled. Then it takes time for the IRS or the state to release a lien or expedite an audit. Do NOT expect the money all at once. While the estate is being settled, there may be income kicked off by the assets that have not yet been distributed. […]