Wealth with Intention
Money Wisdom for Your Next Chapter
Understanding the Types of Assets You Might Inherit
The most common types of inherited assets are cash and bank accounts, taxable brokerage accounts, retirement accounts like IRAs and 401(k)s, real estate, life insurance proceeds, business interests, and personal property. Each one comes with different tax treatment, different rules, and different decisions for you to make. Understanding what you have is the first step toward handling it well.
Why This Matters More Than Most People Realize
When people think about inheritance, they often picture a check. The reality is usually more complicated.
Most estates are a mix of assets, and each type works differently. The mistake that costs people the most is treating everything the same, making decisions quickly without understanding that an inherited IRA and an inherited brokerage account, for example, have almost nothing in common from a tax perspective.
This post walks through the most common types of inherited assets, what each one means for you, and what to watch out for. If you are ju...
Leah Hadley, AFC®, CDFA®, MAFF®
Founder/Senior Wealth Manager
Leah Hadley is the founder of Intentional Wealth Partners and Intentional Divorce Solutions, a Cleveland-based financial planning practice serving clients nationwide. She specializes in helping women and couples navigate major life transitions with confidence and clarity. She is also the host of the "Intentional Divorce Insights" podcast and a sought-after speaker.
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Great Lakes Investment Management, LLC, dba Intentional Wealth Partners may transact business only in states in which it is registered, or in which it is excluded or exempted from registration. Intentional Wealth Partners is currently registered in Ohio, California, Florida, Texas, and Virginia. All written content on this site is for information purposes only. Opinions expressed herein are solely those of Intentional Wealth Partners, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation. This website may provide links to others for the convenience of our users. Our firm has no control over the accuracy or content of these other websites.
