Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance

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.

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.

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 inheritance guide." 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