Need advice on getting an inheritance

jnday

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I recently found out that I am set to inherit a very large sum of cash, stock and property from an unexpected source. I have never had any dealings with anything like this and after asking several friends and family members, I don't know anything more than when I started. I need some advice. Where do I start and what do I need to do? Do I need to talk to a lawyer, accountant or someone else? Maybe a financial advisor? Maybe some of you have been through this at some level and can tell me the do s and don'ts.
 

trickblue

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jnday;4648463 said:
I recently found out that I am set to inherit a very large sum of cash, stock and property from an unexpected source. I have never had any dealings with anything like this and after asking several friends and family members, I don't know anything more than when I started. I need some advice. Where do I start and what do I need to do? Do I need to talk to a lawyer, accountant or someone else? Maybe a financial advisor? Maybe some of you have been through this at some level and can tell me the do s and don'ts.

Do's: Send it to me
Don'ts: Keep it and not send it to me
 

trickblue

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Seriously... find a good financial adviser...
 

visionary

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jnday;4648463 said:
I recently found out that I am set to inherit a very large sum of cash, stock and property from an unexpected source. I have never had any dealings with anything like this and after asking several friends and family members, I don't know anything more than when I started. I need some advice. Where do I start and what do I need to do? Do I need to talk to a lawyer, accountant or someone else? Maybe a financial advisor? Maybe some of you have been through this at some level and can tell me the do s and don'ts.

PM me
i am pretty sure i am your long lost brother
 

jnday

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trickblue;4648470 said:
Seriously... find a good financial adviser...

I have found out that this is a very uncommon problem. I don't want to mess this up. I guess I need to start shopping for the advisor. What do I look for?
 

cowboy_ron

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jnday;4648463 said:
I recently found out that I am set to inherit a very large sum of cash, stock and property from an unexpected source. I have never had any dealings with anything like this and after asking several friends and family members, I don't know anything more than when I started. I need some advice. Where do I start and what do I need to do? Do I need to talk to a lawyer, accountant or someone else? Maybe a financial advisor? Maybe some of you have been through this at some level and can tell me the do s and don'ts.
1. A good attorney
2. A good accountant
3. Incorporate..it's added protection against any lawsuits
4. Protect your privacy
5. If you plan to invest it, a financial advisor
 

jnday

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cowboy_ron;4648529 said:
1. A good attorney
2. A good accountant
3. Incorporate..it's added protection against any lawsuits
4. Protect your privacy
5. If you plan to invest it, a financial advisor

This is going to be more trouble than it's worth. lol I want to cover all bases on this thing. It will take care of me and my family for life, so I want to be carefull with it.
 

Lodeus

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If its not a crazy amount Id say just get a accountant and lawyer would do.
 

Yeagermeister

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http://img.***BLOCKED***/albums/v316/Yeagermeister/Shawshank460.jpg

Do you trust your wife?
 

Yeagermeister

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Or call this guy

http://img.***BLOCKED***/albums/v316/Yeagermeister/Bob_Odenkirk_325x200.jpg
 

Lodeus

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Yeagermeister;4648652 said:
Or call this guy

http://img.***BLOCKED***/albums/v316/Yeagermeister/Bob_Odenkirk_325x200.jpg


:laugh2:
 

jnday

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Lodeus;4648623 said:
If its not a crazy amount Id say just get a accountant and lawyer would do.

It is pretty crazy. The paperwork is being finished this week and I need to be prepared. I don't want the government to get anymore than I have to. Taxes are one of my worries.
 

KJJ

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jnday;4648463 said:
I recently found out that I am set to inherit a very large sum of cash, stock and property from an unexpected source. I have never had any dealings with anything like this and after asking several friends and family members, I don't know anything more than when I started. I need some advice. Where do I start and what do I need to do? Do I need to talk to a lawyer, accountant or someone else? Maybe a financial advisor? Maybe some of you have been through this at some level and can tell me the do s and don'ts.

Well hopefully you didn't find this out via email from someone in Nigeria.
 

jnday

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KJJ;4648779 said:
Well hopefully you didn't find this out via email from someone in Nigeria.

No, this is no scam. I know these people well.
 

Hoofbite

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jnday;4648715 said:
It is pretty crazy. The paperwork is being finished this week and I need to be prepared. I don't want the government to get anymore than I have to. Taxes are one of my worries.

If there is paperwork, you should already have sought out some professional advice.

Legal and financial.

As far as the tax worry, I'm not sure I would really worry about it.

You just received what appears to be a life changing amount of money that you had never anticipated receiving. Taxes are inevitable. I would just be happy with your good fortune and be thankful it found you.
 
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