Emotional Hardships of Inheritance: Balancing Grief with Finances

Many of us have the dream of an unknown relative leaving us a fortune. That dream combines all of the benefits of an inheritance without any of the downsides. However, in real life, an inheritance brings mixed emotions. People are grieving the loss of a loved one and know that the financial boon is only the result of loss. Plus, dealing with inheritance can be very difficult—estates can be complex, and inheritances can create or renew family disagreements and strife. It can be challenging to balance all of these emotions and handle newfound wealth.

How People Respond to Inheritances

Many people assume that the closer loved ones were, the more complex the loss after death. However, many people discover that the opposite is true. The death of a distant parent or other family member can be much more difficult to process than the death of a beloved family member with whom you had a great relationship. In those instances, you may be confident that they genuinely want you to have the money and support your decisions and happiness.

When an inheritance comes as the result of an estranged relationship, the mix of emotions may include relief, regret, sorrow, grief, anger, and gratitude. Many of us assume we will always have time to heal relationships. When that does not happen, we may struggle with denial. When an inheritance is involved, it is essential not to neglect that fact since financial mismanagement can squander this gift.

Consider a Therapist

Even in the same family, beneficiaries may have very different memories and thoughts about the deceased. Trying to work those issues out with survivors, especially in the immediate aftermath of a death, is unlikely to be successful. Survivors should consider getting a counselor, grief therapist, or support group. Those groups can provide individual support and guidance for emotional issues.