The hidden costs of inheritance
Balancing emotions, managing relationships, making practical financial decisions – dealing with an inheritance isn’t always simple.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by Melody Edwards, a senior financial adviser at Evalesco, to discuss the hidden costs of inheritance and aligning a windfall with your financial goals.
00:00 Introduction
02:52 Emotional and relationship dynamics of inheritances
07:43 Practical advice for managing an inheritance
10:08 Short-term and long-term financial strategies for inheritances
16:32 Final thoughts and tips
18:13 Conclusion and farewell
#friendswithmoney #tomwatson #melodyedwards #inheritance
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