What Would You Do With an Inheritance? – Blogging Away Debt

by Amanda Blankenship

Hey Running a blog Away Debt readers! I’m in search of a bit enter this week about one thing taking place in our lives.

Final December, my beloved Meemaw handed away. I used to be (nonetheless am) completely heartbroken and it was very surprising. She lived an incredible life and was fairly wholesome. In the long run, her colon most cancers returned (she’d had a colostomy bag my complete life). When she went to go have surgical procedure to take away the most recent polyps, they took her off her blood thinner earlier than the process. This in the end led her to an enormous stroke.

In January, I bought a discover that I used to be considered one of six folks named as beneficiaries in her belief. This was a shock to me as we’re adopted into the household. I assumed every thing would go to her blood family members (and I actually solely needed the household images from her home), however I’m extraordinarily grateful for no matter she’s left.

I do know that she had a internet value within the tens of millions, however I do not know how a lot will likely be left to me precisely. Nevertheless, I’ve been contemplating a few of the issues I’d do with a bigger sum of cash.

First, in fact, I’d repay money owed (the IRS and our automobile first, scholar loans if there’s sufficient). Having this stuff paid off would unencumber numerous earnings month-to-month and make it simpler for us to avoid wasting. My husband has talked about homes as properly, however with the best way the market is correct now, I don’t assume that’s the neatest choice except we have now a extremely massive chunk we might put down AND get rid of all different money owed.

I additionally contemplated reserving a trip to Disney World (considered one of my Meemaw’s favourite locations). I do know this isn’t essentially the most accountable manner of spending any of the cash, however I do know it’s one thing she’d like to know we did.

When all is claimed and performed, I bought what I actually needed – the massive field of images from her home. All the things else is only a great added shock.

All of that being stated, how would you all spend an inheritance? What issues would you deal with? I’d love to listen to your ideas within the feedback!

Amanda Blankenship is the Director of Social Media for District Media. Along with her duties dealing with every thing social media, she continuously writes for a handful of blogs and likes to share her personal private finance story with others. When she isn’t typing away at her desk, she enjoys spending time along with her daughter, husband, and canine. Throughout her free time, you’re prone to discover her along with her nostril in a e-book, mountain climbing, or enjoying RPG video video games.