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What’s the Best Way to Manage an Inheritance or Other Lump Sum of Money?

What’s the Best Way to Manage an Inheritance or Other Lump Sum of Money?

Having someone you love pass away and leave you a lump sum of money is not quite the same as stumbling upon a twenty-dollar bill on the ground. You may have a lot of grief, confusion, or even anger that you feel about your loss -- and you also have a lot of financial decisions to make now.

So what should you do -- or not do -- if you find yourself in this situation? How do you sort out your newly inherited assets?