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July 12th, 2026

349. Inheriting Money: What to Do First?

  1. 349. Inheriting Money: What to Do First? Wiser Wealth Management 38:30

Over the next two decades, an estimated $124 trillion is expected to pass from one generation to the next. For many people, receiving an inheritance can feel overwhelming. The first challenge usually is not deciding how to invest the money. It is knowing what to do next.

In this episode of A Wiser Retirement® Podcast, we discuss the first steps to take after receiving an inheritance, the common mistakes to avoid, and why it is important to pause before making major financial decisions. An inheritance often comes during a difficult season of Grief, Family responsibility, and emotional decision-making, which makes having a clear plan even more important.

Related Podcast Episodes: 

Ep 283. How to Manage a Sudden Money Windfall: IPOs, Business Sales, or Inheritance

Ep 278. Avoid These Common Mistakes After Receiving a Large Inheritance

Related Financial Education Videos:

What is the stepped up basis loophole for inherited assets?

Inheriting a Property: Keep, Sell, or Rent?

Learn More:

Founded in 2001, Wiser Wealth Management is a fee-only Fiduciary financial planning and wealth management firm helping individuals, families, and business owners make informed financial decisions.

Have questions about your financial plan? Schedule a Complimentary Consultation to discover how we can help you achieve financial freedom.  

Access Our Free Guides: Gain valuable insights on building a financial Legacy, the importance of a financial advisor for business owners, and the tax impact on inheritance, and more!

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This podcast was produced by Wiser Wealth Management. Thanks for listening!

Casey Smith President, Wiser Wealth Management

Casey T. Smith, President of Wiser Wealth Management, started the company in 2001. Prior to starting Wiser Wealth Management, Casey worked for a brokerage firm and quickly became unhappy with the traditional brokerage commissions agenda. After seeing many financial advisors and companies acting in their own interest and not thinking about what is right for the client, he decided to create his own firm focused on what is best for the client. In June 2001, Casey became a Registered Investment Advisor and formed a fee-only financial services firm, which later became Wiser Wealth Management, Inc.

For more than 20 years, Casey has grown Wiser Wealth into a firm that is centered around client service and retention. His fee-only firm accepts fiduciary responsibility for its clients’ investments and welcomes investors of all wealth levels. In addition to financial planning and investing, Casey positioned Wiser Wealth to offer a seamless process through our network of professionals for insurance needs, tax planning and strategies, and estate planning and business legal services.

Casey earned a Bachelor of Science degree in Finance from Berry College in Rome, GA. He serves on the board of the Berry College Campbell School of Business Executive Advisory Committee and Berry College Board of Visitors.

Casey is married to his high school sweetheart Angela and they have three children. Casey is also a retired airline Captain and still enjoys flying and playing golf in his spare time.