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

I want to use the money 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?

My name is Katy and I am Hirby's Financial Guru with 20 years of experience and expertise in financial markets, insurance and tax strategies. I'm inspired by those who pursue their financial goals and I am here to help.
My name is Tom and I am Hirby's Legal expert specializing in Real Estate and Injury Law. I have over 15 years of experience helping people online with legal advice and strategy.
September 9th, 2010 at 7:33 am
The best is mutual funds, depending of course on the company. The next is a life insurance with irrevocable beneficiary.
September 9th, 2010 at 7:33 am
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.