Will you receive an inheritance?

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27 Jun

Donna Taylor Blog 0 1

A recent study says, that younger expect to receive an inheritance from parent, grandparents, or another family member. If the family has discussed this a fact, do not rely on your inheritance as a means to living well since you may not receive the amount the you were promised for a variety of reasons. If you do receive an inheritance, consider focusing on building your retirement and emergency savings accounts. This would be the best way to ensure the funds last longer. Avoid needlessly spending your inheritance that will place your spending habits into a downward spiral Whether you earn the money or someone else does, spending wisely is always the best approach. Consider spending one third, saving one third, and paying a debt with one third. Plan ahead to make sure your have examined all options for the inheritance you will receive and be prepared if you receive less than you planned.

About the Author

Written by Donna Taylor

Rev. Dr. Donna Taylor is the Pastor of Andrew Chapel, United Methodist Church on the Northern Neck in Montross, VA. Rev. Dr. Taylor promotes best practices for financial literacy and financial empowerment in the church and leads workshops throughout Northern Virginia. Currently, she serves as the Chair of the District Finance Committee. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, VA. Rev. Dr. Donna Taylor is married to Dr. David Taylor, who is also the Director of our church-based free clinic. They have two adult children and three grandchildren. In her leisure time, Rev. Dr. Taylor enjoys traveling, jogging, weightlifting, swimming, yoga, and interior decorating. In May 2015, Rev. Dr. Taylor received her Doctor of Ministry from Virginia University of Lynchburg in Lynchburg, Virginia. Rev. Dr. Taylor was born and raised in New York City and recently discovered her ancestral roots in Guinea-Bissau, West Africa. Rev. Dr. Donna Taylor is married to David Taylor and they have a son and a daughter. Their daughter is a educator and son is an Active-Duty Senior Seaman in the Navy married with three children. In her leisure time, she enjoys traveling, reading, swimming, writing poetry, crocheting and spending time with her family.