Young Inheritors
Comprehensive Inheritance Management Services to Build Your Legacy
Receiving an inheritance can be a blessing, but it can also come with financial anxiety. Work with a financial professional who can help you navigate your newfound wealth and make smart decisions for your future.
Over 40 Years of Inheritance Tax Services Expertise
At BGM, we have offered inheritance accounting services for over 40 years. As a Minnesota-based advisory and accounting firm, we provide inheritance administration for clients across the country.
We’re here to:
- Begin the process by cataloging your inherited assets and liabilities
- Collect funds from retirement accounts, trusts, life insurance and other assets
- Construct affordable, diversified and tax-efficient portfolios designed for your long-term success
- Coordinate with your attorney, CPA, insurance agent, corporate trustee and other professionals
We aim to reduce financial anxiety by simplifying your life and giving you financial confidence. We’ll apply our 40-plus years of experience to create a robust financial, tax and investment plan for you.
Getting an inheritance is only the first step in your new financial journey. Consider us your partner for the long haul. Our future-focused services will ensure you have what you need today and for years to come.
The BGM Benefit
Connect With a Personal Advisor
Frequently Asked Questions
01 I just received an inheritance. What should I do first?
Take a breath, and don’t rush into any major decisions. The first practical step is cataloging what you’ve inherited: retirement accounts, trusts, investment accounts, real estate, insurance proceeds, and any liabilities. We can help you organize all of it, handle titling and account transfers, and build a plan before you make any moves with the money.
02 I've never managed this kind of money before. Is that normal?
Completely. Many of the young inheritors we work with are navigating significant wealth for the first time. Financial education is a core part of our process. We explain concepts clearly, walk you through your options, and help make sure you feel confident and informed before any decisions are made.
03 How does BGM help me avoid common mistakes with inherited wealth?
We bring structure and objectivity to what can be an overwhelming situation. That means building a financial plan before spending or investing, understanding the tax implications of what you’ve inherited, and making sure you’re not exposed to unnecessary risk. Our role is to slow things down and help you make thoughtful decisions.
04 Can you help me balance enjoying my inheritance with preserving it long-term?
That’s one of the most important conversations we have with younger inheritors. A thoughtful financial plan can help you enjoy the flexibility your inheritance provides while still building for the future. It’s not about locking everything away. It’s about being intentional with how you use and grow your wealth.
05 How do you handle the tax side of an inheritance?
We incorporate proactive tax planning from day one, covering estate taxes, income taxes on inherited retirement accounts, capital gains considerations, and distribution strategies from trusts.
06 Do you work with trusts and trust distributions?
We do. We work alongside trustees and estate attorneys to help you understand how your trust is structured, what your distribution options are, and how trust assets fit into your overall financial plan. Our affiliate, Cornerstone Private Asset Trust Company, also provides trust services when a corporate trustee is needed.
07 Can you help me figure out my own financial goals beyond the inheritance?
Absolutely. Your inheritance is a resource, but your goals are what give it direction. We work with you to clarify what you want from your career, lifestyle, philanthropy, and future, and then align your financial resources to help support that vision.
08 How long has BGM been helping people navigate inherited wealth?
BGM has offered inheritance accounting and advisory services for over 40 years. As a Minnesota-based firm with a national client base, we’ve helped inheritors of all ages and backgrounds organize, protect, and grow the wealth they’ve received.
09 Do you work with other members of my family, too?
We can work across generations, collaborating with parents, grandparents, and siblings when it makes sense, to help create continuity and align family-wide financial strategy. Having one team that understands the full picture can help everyone stay on the same page.
10 What's the first step?
We start with an introductory conversation to understand your situation: what you’ve inherited, where things stand, and what you’re hoping for. From there, we’ll outline a structured process tailored to your needs. There’s no cost or pressure for that initial meeting.
