Australia's wealth is disproportionately distributed to those over 60, with a sharp rise in property prices being the primary culprit. But whilst we're all living longer, science hasn't yet found a way to grant us eternal lives, and so eventually that wealth will be transferred down to subsequent generations.

Receiving an inheritance can be financially life-altering. Having helped clients manage their inheritances over many years, here are 10 essential things to consider upon receiving an inheritance.

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