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Inheritance

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Inheritance

Whether you have inherited money or had another kind of financial windfall, we offer comprehensive investment help and guidance that’s right for you.

A Schwab Financial Consultant can help you:

  • Put the money in a safe, accessible account while you create a longer-term investment plan.

  • Assess your current assets and liabilities to decide where your new money should go first (i.e. debt reduction vs. new investments).

  • Review your financial portfolio, adjust your long-term financial strategy, and create an investment plan for your newfound wealth.

  • Decide whether updates are potentially needed to your estate plan; if so, your Financial Consultant can connect you with a Schwab Tax, Trust, and Estate specialist.

  • Discuss the implications of taxes as well as the tax advantages of gifting and charitable giving.

  • Review your insurance needs and consider whether to increase any of your coverage levels.

Need help?

Call us at 877-302-5886 or visit your local branch.

What to do on your own:

  • Consult with a tax professional regarding tax treatment of the money; if it is taxable, put aside the amount that you will have to pay in taxes.
 

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Let us help you manage an inheritance.

Call us at 877-302-5886 or visit your local branch.