All in Inheritance

Succession planning: Deciding where your money goes

For some, the question of leaving a monetary inheritance will crop up at some point. What do you do with your money once you die? When it comes to inheritance, Jonny and I are pragmatic and have a very simple plan: it goes to our daughter, and she can use it however she sees fit. In some ways, we have it easy. She is next in line, so it feels logical that we would leave her our money. But a recent chat with Poto, a single friend with no dependants, reminded me that it’s not always so straightforward. Some people are putting real thought into what they want their money to do after they’re gone.

What to Do With an Inheritance

I first published this blog post back in June 2017. I’ve dusted it off and rewritten it today purely because of many conversations I’ve had over the last six months with people who have inherited large sums of money. Receiving money due to the death of someone you love is an awful way to come into money. So, if you are the recipient, make it count and make that person proud of the decisions you make with their money.