Even the most tight-knit family can devolve into nasty fighting when someone dies. If there is also money (or heirlooms) at stake, the conflict can potentially fracture relationships long term.
It's helpful to think of grief as a desiccant-it wrings all the water out of mourners, leaving them the most concentrated version of themselves.
I have never felt more financial stress in my life than when dealing with our inheritance, which consisted of the proceeds of our dad's life insurance.
Considering the $72 trillion in assets expected to pass from baby boomers to their children and grandchildren in the next 20 years, millions of Americans need to better understand how to handle inherited money.
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