Everyone Says Pay Off the Mortgage with an Inheritance. But What Should You Really Do?

Everyone says that when you receive an inheritance, the smartest thing to do is pay off the mortgage. And sure, for some people, that might be exactly the right move.  But what if it isn't the whole answer?  Receiving an inheritance can be one of the most emotional financial moments of your life. There's grief, gratitude, guilt, pressure, and suddenly a long list of decisions you may not feel ready to make. Should you pay down debt? Invest? help your kids? keep some aside? take the trip your loved one always wanted you to take?  In this episode of the Wealth Builder Podcast, Nick Donato is joined by Paul Benson to unpack what to think about before making any big moves with inherited money. They talk through why pausing can be powerful, what tax and timing issues can catch people out, and how to make decisions that honour the legacy you've been left while still supporting the life you want to build.  In this episode:  How to avoid rushing into a decision while emotions are high  Why paying off the mortgage may feel obvious, but still needs to be tested  <ul class="