If you are the heir to an inheritance, you may feel overwhelmed by the decisions ahead of you. Working with an independent financial advisor can be beneficial to you and your investments as you plan a course of action. When you are ready to begin the inheritance process, follow the guidelines below.
- Inform Sierra Investment Management
- Gather and Review Records
- Seek tax and legal advice
- Arrange for immediate household needs
- Contact insurance companies
- Pay special attention to IRAs
- Notify credit card, mortgage, and loan companies
- Identify assets
- Determine liabilities
- Find out about any retirement plans
- Transfer assets to beneficiaries
- And more
This information is for educational purposes and is not intended to provide, and should not be relied upon for, accounting, legal, tax, or insurance advice.
