During the next 20 years, over 60 million Americans will inherit an estimated $8 trillion in an unprecedented shifting of wealth. Most of these new heirs are unprepared to handle the windfall, and Managing Your Inheritance will be a godsend. The authors walk readers through every phase of the inheritance process, and show how to protect family wealth through intelligent saving and investing. Author tour. 25,000 print.
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Editorial Reviews
Amazon.com Review
The receipt of an inheritance--whether it's worth millions or more modest in size--can often prove to be a life-altering experience. Managing Your Inheritance, by investment experts Emily W. Card and Adam L. Miller, is designed to help minimize the upheaval while maximizing the potential. With the aid of numerous charts, checklists, and case studies, it clearly explains the safest and most effective ways to avoid common pitfalls, manage new assets, and develop future plans.
From Publishers Weekly
Card (The Ms. Money Book) is an investment adviser and an attorney specializing in business law; Miller is a CPA and a lawyer. In this comprehensive guide, they address the psychological, legal, taxation and investment consequences of receiving a life-altering inheritance-whether in the millions or a more modest sum. Inheritance assets, usually in the form of life insurance, real estate, living trusts, wholly owned stocks and bonds, cash in the bank or a share in a business, often present unexpectedly complex problems of probate processing, heir apportionment and liquidation, to name a few. The authors recommend professional help-lawyers ("either you are one or need one"), financial advisers, stockbrokers and others who can help heirs deal with such facts of life as a trust's "corpus," "regression to the mean," "remaindermen" and the Alternative Minimum Tax. This book is so full of useful information that you won't need an inheritance to profit from it.
Copyright 1996 Reed Business Information, Inc.
Copyright 1996 Reed Business Information, Inc.
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Most Helpful Customer Reviews
13 of 17 people found the following review helpful:
5.0 out of 5 stars
Inheriting Money Isn't 100% Easy,
By A Customer
This review is from: Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance (Paperback)
When you receive an inheritance, despite how it sounds, free money isn't free. With it comes sorrow within your family. Family fights can crop up, too. In addition, one has the personal struggle of figuring out how to cope with grief on the one hand and new money on the other. This book helped me see that I wasn't as rich as I thought I was and that I had better guard my inheritance for my retirement.
2 of 2 people found the following review helpful:
4.0 out of 5 stars
A Good Primer,
By Emily Booth (Chicago, IL) - See all my reviews
This review is from: Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance (Paperback)
I bought this book because it was written by a woman who was a former finance editor for Ms. magazine. It's a good introduction to investment planning for those of use who received an inheritance from a deceased relative. It's a book I will be reading more than once in order to grasp the financial concepts. The author divides inheritors into 4 groups based on the dollar amount of the inheritance and she used real life examples for each group. I liked that she used women for 2 of the examples which happened to be in the bottom 2 groups. I could relate to the 40 something woman who lived in NYC. It's a very practical book and that was the appeal for me. The downside is that it was written in 1999 when we had confidence in the stock market.
13 of 21 people found the following review helpful:
5.0 out of 5 stars
Excellent reference tool for investing an inheritance!,
By A Customer
This review is from: Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance (Paperback)
I went to a bookstore to ask them to look for it in the computer- the first book they came up with was Managing your parents. People on line laughed. My reply "I don't need to know how to manage my parents - they're dead. I now need the inheritanceguide." Well they didn't have it- so I read my sister's copy. Great and informative on what to do with it-no matter how small the inheritance is and believe me I am a poor heir but I will definitely use the information to make it grow- No immediate facelifts for me yet. I want a copy to refer to for my financial goals
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