AdvertisementThis as-told-to essay is based on a conversation with Gina Knox, a 30-year-old financial coach who has twice inherited money. When I was 22, I inherited money for the first time. I've also helped clients over the years who have inherited money or had a trust fund they were finally getting access to. When I withdraw the money, I'll pay long-term capital-gains tax on any gains the sum has made in the stock market. When people find out I inherited money, they always want to know what big or flashy purchases I've bought so far.

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Persons: Gina Knox, —, I'd, we'd, I've Organizations: Service, Google Locations: South America