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What is the best way to invest inherited monies for tax purposes ($10,000), CD's, investments, mutual funds?

September 9th, 2010 | | Tags: , , , | 2 Comments | |

moneycartoon

I want to use the in a few years but I want to know what to do with it until then without having to pay inheritance taxes. What is the best thing to do as far as investing it?

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2 Responses to “What is the best way to invest inherited monies for tax purposes ($10,000), CD's, investments, mutual funds?”

  1. seabug_46 Says:

    The best is mutual funds, depending of course on the company. The next is a life insurance with irrevocable beneficiary.

  2. mtwagn2002 Says:

    There will be no inheritance tax on such a paltry sum. I suggest you find a more educated individual to help you invest the money in a good mutual fund.

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