Hands holding an old family photo album, representing the stewardship of generational wealth and the personal side of inheritance planning.

WEALTH MANAGEMENT FOR INHERITANCE

Guidance When Receiving an Inheritance

Receiving an inheritance can bring both opportunity and responsibility. Alongside the financial considerations, there is often uncertainty around timing, taxes, and how inherited assets fit into an already established life.

We work with inheritors who want clear, steady guidance to help them make informed decisions without feeling rushed or overwhelmed. Our role is to bring structure, perspective, and confidence to what can otherwise feel like a complex and unfamiliar process.

Common Areas of Focus

  • Understanding required distribution rules under the SECURE Act

  • Coordinating inherited income with existing earnings and tax brackets

  • Clarifying what assets receive a step-up in basis and which do not

  • Making thoughtful decisions around holding, repositioning, or liquidating assets

  • Integrating inherited wealth into a long-term financial plan

You don’t need to have everything figured out right away. You need a partner who can explain your options clearly, help you avoid costly mistakes, and ensure inherited wealth supports your life rather than complicates it.

  • Maryland has both an Estate Tax and an Inheritance Tax (which typically only applies to non-direct descendants). While the federal estate tax exemption is high, Maryland's is lower. Additionally, inheriting an IRA comes with specific rules and timing for withdrawing funds. We help you navigate these taxes to preserve the legacy left to you.

  • We recommend a "planning period" where we assess your current debts, goals, and tax situation before changing the inherited account investments or investing a single dollar of the new money.

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