When a person in your family or a close friend bequeaths their estate to you or others in their social circle, these assets are treated differently from other kinds of gifts or donations. Similarly, when you are working on your own estate, the method by which you plan to share your wealth with your descendants can greatly affect how easily and smoothly the process of disbursement can occur. For instance, depending on your location and the amount of your estate, there may be taxes, such as Inheritance taxes or Estate taxes, which impact how you choose to allocate your funds. The vehicles through which the money of an estate is invested, such as IRAs, CDs, or stocks, can also impact the process of liquidation and disbursement.

Receiving services from an inheritance financial advisor can be very helpful in maximizing the goals you can achieve with your estate as well as the rapid and painless disbursal of an estate. Your financial planner can help you decide how to construct your will, how to set up trusts, and how to allocate potential inheritance to your heirs. At the same time, a financial advisor can be very helpful when you come into an inheritance yourself, helping you navigate the instructions of the will accurately, as well as helping you find valuable vehicles for investing any inheritance you yourself receive.