Castuner
Calm Money Coach

You Inherited Money. What to Do With It, Step by Step

5:44

Audio file

The average inheritance in Canada is close to $200,000, and it usually arrives while you're grieving. It was Mom's money, and you don't want to be the one who lost it. If you've frozen, that's normal. A Danish study of about 17,000 people after a sudden inheritance found only about 1 in 3 non-investors started investing, even after the biggest ones.

So take the pressure off. Park it in a…