Everyone remember the Jimmy living next door and how he won the millions of dollars – It don’t matter if it is the Average Joe or someone else… Almost a big portion of people will definitely make wrong choices and dumb things after in inheriting money. These things are common all across the board no matter the country, region or what race you belongs to.
1. Not paying the Taxes:
With big money, comes a big tax liability. But the average jimmy who have spent all his life being broke will still think he do not have to pay taxes. WRONG! THis is the #1 mistake made by such people and soon or later, tax man comes and take all their assets for potential tax fraud. Continue reading 4 Dumb Things People do After Inheriting Big Money