Congratulations, you've received an inheritance! But you don't know what to do next or how to use it to reach your financial goals. Should you park the lump sum in real estate -- or an emergency fund? Invest in stocks or seek a high-interest bank account? Will you face estate taxes? It's important to learn about your options for an inheritance and to figure out how to best deploy those dollars.
Failing to do so could cost you dearly. According to one study, about a third of those who receive an inheritance end up in the red after just two years.