cover image Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance

Managing Your Inheritance: Getting It, Keeping It, Growing It--Making the Most of Any Size Inheritance

Emily Card. Three Rivers Press (CA), $15 (352pp) ISBN 978-0-8129-2600-2

Card (The Ms. Money Book) is an investment adviser and an attorney specializing in business law; Miller is a CPA and a lawyer. In this comprehensive guide, they address the psychological, legal, taxation and investment consequences of receiving a life-altering inheritance-whether in the millions or a more modest sum. Inheritance assets, usually in the form of life insurance, real estate, living trusts, wholly owned stocks and bonds, cash in the bank or a share in a business, often present unexpectedly complex problems of probate processing, heir apportionment and liquidation, to name a few. The authors recommend professional help-lawyers (""either you are one or need one""), financial advisers, stockbrokers and others who can help heirs deal with such facts of life as a trust's ""corpus,"" ""regression to the mean,"" ""remaindermen"" and the Alternative Minimum Tax. This book is so full of useful information that you won't need an inheritance to profit from it. (Feb.)