You inherit more than wealth

Give yourself time before making major financial decisions. Gather key documents, confirm your role such as beneficiary, executor, trustee or surviving joint owner and understand the assets, accounts and obligations involved. A UBS Financial Advisor can help you organize your financial priorities and coordinate with your estate planning attorney and tax professional, as appropriate.

Receiving an inheritance does not always create an immediate tax bill. The potential tax consequences depend on factors such as the type of asset, how it was owned, where you live, income earned after death and whether you later sell or distribute the asset. Before taking action, consult your attorney and tax professional; your UBS Financial Advisor can help coordinate financial planning considerations.

Start with your goals and the details of what you inherited—not with an investment product. Before investing, understand any account restrictions, distribution requirements, liquidity needs, tax considerations and concentrated positions. Then consider your time horizon, risk tolerance, financial obligations and family priorities with your UBS Financial Advisor.

The answer depends on your complete financial picture. Compare the cost and terms of each debt with your need for liquidity, tax considerations, risk tolerance, time horizon and other goals. A UBS Financial Advisor can help you evaluate the trade-offs. Tax and legal professionals should address matters within their areas of expertise.

Avoid rushing into major decisions while you are grieving or still gathering information. Consider keeping near-term funds liquid while you clarify your needs and build a plan around priorities such as financial resilience, family support, education, philanthropy or your legacy. Your UBS Financial Advisor can help you consider these choices alongside your legal and tax professionals.