If you’ve recently inherited a lump sum of money, you are undoubtedly excited about the addition to your bank account. However, it doesn’t come without its unique stressors. From a guilty conscience to qualms from relatives, receiving an inheritance can become quite the annoyance. Luckily, there are ways to lessen the stress surrounding your recent monetary gift.
1. Get a Cash Advance
Often, inheritance money is tied up in one way or another, and you can’t access it without paying exorbitant fees or waiting a predetermined amount of time. The probate process, itself, usually takes quite a bit of time to go through. If you are waiting on the your probate case to be completed before the administering of your inheritance funds, you may be eligible for a cash advance. You can visit sites like https://inheritanceadvanced.com to find out whether or not you can get some of the money in advance. Experts will be able to review your case and see if you have sufficient assets to draw from at an earlier point. This way, you can use some of the cash to pay off things like current debt, lessening the stress that adds to your life.
2. Be Fair
Division of inheritance money is a common fixture of familial disputes. You see it in movies, novels, and even in the lives of friends around you. Money can, sadly, tear apart a family bond. It’s one of the most common things people fight about, but awareness is the first step to fixing this plight.
It’s easier said than done, but it’s best to be fair to everyone in this situation. It’s no use fighting for more of the inheritance once everything is said and done. It will create resentment among all parties. Instead, take a step back and focus on what you already have. What is important about your life? Where would you be if the inheritance was never bestowed upon you in the first place? Be grateful for what has been given to you.
One way you can do this is by talking with family members. In fact, you can even prevent most arguments by talking with the owner of the estate before they are deceased. Meet with all of the family members involved, and decide what option would make everyone satisfied. This is the best case scenario, but it isn’t always possible. Deaths happen unexpectedly, at times, and sometimes older family members are secretive when drawing up a will. They may not have the time or forethought to talk with those they are leaving their assets to. In that case, it’s best to respect their wishes.
3. If It Simply Isn’t Fair, Fight Fairly
There are, of course, instances in which the will doesn’t satisfy all parties. The owner of the estate could have vastly different opinions about who should be entitled to which parts of their fortune. Similarly, your siblings or other relatives could be less focused on a fair distribution and more focused on a pleasurable outcome for themselves. If this is the case, it’s best to consult experts and make sure you have all of your bases covered. There are different laws and regulations regarding the distribution of estates, so research here is key. Stay knowledgeable and ahead of the game, and don’t play dirty. The best fight is a fair fight.
4. Talk It Out
Rather than bottling emotions up inside, it’s best to talk it out. This can mean talking with family members to find out their reasons for wanting a larger portion of the inheritance. Instead of staying silent and playing dirty, practice some empathy. Anger only hurts those who perpetuate it within themselves.
Furthermore, if you’re finding yourself still stressed about the whole situation, talk with someone. This can be a therapist, a friend, or a family member you can confide in. Often, feelings of guilt, shame, resentment, and otherwise will be shared by others. You’re not alone.