Should I Turn Down My Inheritance?

Should I Turn Down My Inheritance?

From SML Planning Minute by Security Mutual Life Advanced Markets Team

June 2, 2026 · 8 min · Episode 386

About this episode

This episode discusses the reasons one might choose to turn down an inheritance and the implications of such a decision.

Should I Turn Down My Inheritance? Episode 386 – Why would you ever choose NOT to accept an inheritance? There are a few good reasons. And it’s doable if you decide that’s what you want. More SML Planning Minute Podcast Episodes Transcript of Podcast Episode 386 Hello, this is Bill Rainaldi, with another edition of Security Mutual’s SML Planning Minute . In today’s episode: should I turn down my inheritance? So, a family member has died recently and left some assets to you. You should be happy you’ve been left an inheritance, but it’s complicated. Maybe you’d rather the money went to someone else. Or maybe, for whatever reason, it’s just not worth the trouble. Do you have to accept it? The answer is no. Why would you ever choose not to accept assets that someone has given to you? There are a few situations where it makes sense. One case might be related to federal or state estate taxes. If you’re already a high-net-worth individual who may have an estate tax issue, it may be better to disclaim, assuming your preferred beneficiary is next in line. This is especially true if the next beneficiaries are your children, who are likely to inherit your assets eventually. Why…

People in this episode

Host: Bill Rainaldi

Topics covered

  • inheritance
  • estate planning
  • tax implications
  • financial decision making
  • high-net-worth individuals

Keywords

  • inheritance
  • estate taxes
  • traditional IRA
  • financial planning
  • high-net-worth
  • disclaiming inheritance

Mentioned in this episode

Organizations: Security Mutual Life

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