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What to Know About Inheriting Assets- Episode 93

If you’re an heir who’s a beneficiary of any kind of asset, then you may know that it can be both a good and a bad thing. For many people, an inheritance is like a gift from above, something that will improve their life in one form or another.

For others, especially those who don’t necessarily need the inherited asset(s), that gift can turn into a real headache – especially from a tax standpoint.  Knowing ahead of time how to minimize the downside and potentially maximize the upside is a big part of financial planning.

The “Great Wealth Transfer” between Boomers and their children has begun. Find out more about what you need to know and need to do from podcast host Johnny Dean and “Professor” Rick Plum, CFP® on this week’s episode of Managing Your Financial Future!

Important Information:

The information provided should not be considered specific tax, legal, or investment advice and is not specific to any individual’s personal circumstances.

You should always seek counsel of the appropriate advisor prior to making any investment decision. All investments are subject to risk including the loss of principal. This material was gathered from sources believed to be reliable, however, its accuracy cannot be guaranteed.

No client or prospective client should assume that the presentation (or any component thereof) serves as the receipt of, or a substitute for, personalized advice from Lucia Capital Group or from any other investment professional.

Rick Plum is a registered representative with, and securities and advisory services offered through LPL Financial, a registered investment advisor and member FINRA/SIPC. The investment professionals are affiliated with LPL Financial and are conducting business using the name Lucia Capital Group, a separate entity from LPL Financial.

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