This financial deep dive provides comprehensive advice for Australians who have received an inheritance, emphasising the importance of pausing for reflection before making decisions during a potentially emotional time. It clarifies that while there is no direct inheritance tax in Australia, certain assets like property or superannuation can incur Capital Gains Tax (CGT) or death benefit taxes upon sale or distribution. The source then outlines various smart investment strategies, including diversifying portfolios, investing in property or superannuation, paying down debt, and utilising high-interest savings accounts, while also discussing the benefits of charitable giving.