Losing a Loved One

Losing a loved one is an incredibly emotional time, and is often made more difficult by time-sensitive tasks like funeral arrangements or turning off streams of income like Social Security or pensions. Then you may learn you have inherited assets that come with additional taxes for you.

Our advice for you during these times is wait to make decisions on items that are not time-sensitive. It’s better to take time to navigate heavy emotions before making significant decisions rather than to make significant decisions out of heavy emotion. While some items need to be addressed as soon as possible, many – like the inheritance of an IRA – do not. Take the time you need, be it three months or six months or a year, to make the right decision rather than any decision.