Ep. 135: Inheriting Money and Using a Joint Account by Let's Talk Future published on 2018-10-09T18:22:21Z A brother and a sister inherit 750 thousand dollars from their parents and plan to invest it all in a joint account and let it ride out for many years to grow. This was the situation of one listener this week and Michael Clark and John McCann dove in to clear up why using a joint account with a sibling or even a spouse with inherited money might not be the best decision. This episode helps to illustrate why each person’s investments are most likely going to have a different purpose and different approach. We have mentioned before that investing decisions are not a “one size fits all” process. Be sure to tune in this week because this show is to cut through the noise and nonsense about money and give you the tools you need to build wealth, invest for the future, and put a plan in place. The information contained in this blog does not purport to be a complete description of the securities, markets, or developments referred to in this material. The information has been obtained from sources considered to be reliable, but we do not guarantee that the foregoing material is accurate or complete. Any opinions are those of Michael Clark and not necessarily those of Raymond James. Expressions of opinion are as of this date and are subject to change without notice. There is no guarantee that these statements, opinions or forecasts provided herein will prove to be correct. Investing involves risk and you may incur a profit or loss regardless of strategy selected. Every investor’s situation is unique and you should consider your investment goals, risk tolerance and time horizon before making any investment. Prior to making an investment decision, please consult with your financial advisor about your individual situation.