The Wise Inheritor: A Guide to Managing, Investing and Enjoying Your Inheritance
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Book Overview
The complete guide for managing the financial, legal, and emotional issues of inheritances large and small. A death in the family is never easy, but receiving an inheritance, whether expected or not, can leave heirs feeling overwhelmed and even guilty at this change in their fortunes. Ann Perry's insightful examination of the challenges make managing a bequest a little easier. Combining her practical know-how as a personal finance writer, the expertise of financial advisors, attorneys, and psychologists, and the wisdom gained from her personal inheritance experience, Perry deftly deals with such touchy subjects as selling the family homestead, divvying up property in "blended families," parceling out heirlooms, dividing a family business, and sharing--or not sharing--an inheritance with a spouse. With refreshing candor, Perry addresses the guilt, grief, and unrealistic fantasies that can keep heirs from making the most of their windfalls, and also explores the unique, even life-changing, opportunities that a bequest can present. An excellent tool for estate planning, as well, this is essential reading for those who are writing their wills as well as those who are remembered in one.
Format:Paperback
Language:English
ISBN:076790835X
ISBN13:9780767908351
Release Date:June 2003
Publisher:Crown Publishing Group (NY)
Length:288 Pages
Weight:0.69 lbs.
Dimensions:0.7" x 5.6" x 8.5"
Customer Reviews
5 ratings
Good read. Good points, especially during difficult time
Published by Thriftbooks.com User , 15 years ago
I stumbled upon this book at my local library and thrilled that I did. I ended up buying copies for other members of my family. It reads like a really good friend is walking you through the process--the financial and estate planning information is basic but, combined with some excellent writing, helps you start the process of planning for your future. It also really helps in dealing with the emotional issues, as well as the financial concerns, that arise when you find yourself in this situation. The book focuses on the emotional impact of losing someone you love, mixed emotions that follow and simply offers way to combine basic financial advice on how to cope. Also very gratifying in that it applies to small as well as large estates, so it's really for everyone.
Excellent Resource for those who Received an Inheritance
Published by Thriftbooks.com User , 16 years ago
This book is excellent for any inheritor. Although it does have some general advice on things to do, which is worth reading, it really made its mark regarding the emotional aspects of inheriting money. You might think "what's so emotional?" but when it happens, all sorts of feelings come out into the open. She gives examples of the reluctance of selling the vacation home where all the kids went every summer and liquidating the money from CD's that the parents felt was the safest investment. She does give some investment advice and also talks about "affluenza," the problem of raising children who don't really know the value of money (and working hard and not being instantly gratified) because the parents have money and can buy their children everything. In the end, she discuss the goal, to feel "heirworthy" where you can enjoy the money without all the emotional baggage. I would definitely recommend this book for both its psychological help as well as the investment advice.
book review
Published by Thriftbooks.com User , 17 years ago
This is an outstanding book! Great for those who inherit any amount of money.
a complete approach for inheritors
Published by Thriftbooks.com User , 21 years ago
Ms. Perry (the GO FISH heiress) has written a book that covers both the emotional and the financial sides of getting an inheritance. I found her advise on both sides to be sensitive and helpful. I recommend reading this book before giving or coming into an inheritance.
This is a great book!
Published by Thriftbooks.com User , 21 years ago
This book was wonderful. My father died 10 months ago and I just read this book. I wish I had found it earlier. The subjects discussed in this book are hard to share with others. Finally I realized there were others out there that felt as I have. I am going to be purchasing copies of this book to give to my attourney, the funeral director and my appraisor. My hope is that they will give them away to someone who is just starting to go through this processes. If you are an inheritor you need this book! It is also good for anyone to know information about estate planning.
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