You've received an inheritance. That's great. But it's not as simple as just cashing the check.
How to handle a sudden windfall is an issue many of us may one day face, as some 30 percent of U.S. households will probably inherit wealth, according to the Bureau of Labor Statistics.
And this percentage may increase in the future. Nearly two-thirds of people over age 60 expect to leave an inheritance to their kids, according to personal-finance website Interest.com. Moreover, the Center for Retirement Research at Boston College has found that two-thirds of baby boomer households are likely to inherit a median amount of $64,000.
When you inherit, the best thing to do in the beginning may be … nothing, say financial advisors.
(Read more: Sound financial advice for the recently widowed)