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Inheritance – How To Deal With The Psychological Aspects

Sunday, December 14th, 2008

Recently a close family member of mine passed away(it has been hard for me to find the motivation to write here, but I am starting to get back to it and figure this article can help me both get back to writing and feel better about accepting money from the death of a family member).

After the normal grief that comes when a family member passes and you find out you are getting a little money often it is easy to make mistakes with how that money is used. You may also feel some guilt a person you loved worked hard for this money and now it is yours.

Personally I paid off my vehicle. I did not want to just go out and blow this money as I think it would have magnified the guilt associated with accepting the money. I believe the family member in question would be happy that I paid of the little debt I do have and used this money wisely.

By using inheritance money wisly and not spending it foolishly you are paying respect to how hard the invidual worked for and saved the money. Sorry this wasn’t a more insightful post or one of my great personal finance articles, but it makes me feel better about accepting the inheritance I just received. Postings should be back on a normal schedule soon.