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Advice about inheritance received early
kmas2020
Posts: 5 Forumite
Hello, I'm 39 and married with a 2.5 yr old and new baby on the way. I lost 2 immediate relatives in the last 2 years which means I will be receiving inheritance quite early. On top of that the business I have run with my sister for the last 10 years is looking like we wont survive the damage caused by coronavirus. In total I may soon receive between 250 - 300k made up of inheritance and what ever we can pull out the company. I have no private pension, isa's, investment/ savings accounts. I want to think about our childrens future and hopefully own future retirement. My only financial ties are the mortgage on our family home and a smaller mortgage on a rented out flat which I previously lived in before living with husband. Would appreciate any advice on how best to manage this money thank you
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