Why Inheriting Money May Not Solve Your Problems
by Patricia Sklar, CPA, CFP®, CFA®, Josh Monroe, CFP®, ChFC
Nov 15, 2021
3 minutes
It would be nice to believe that a financial windfall, such as winning the lottery or receiving an inheritance, is a silver bullet to solving all financial problems. However, history is filled with stories that prove this often is not the case.
One of the most high-profile examples is the sad story of Maureen O’Connor, a former California politician who inherited more than $40 million from her late husband, Robert O. Peterson, the founder of the
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