Mindless spending
Spending even small amounts on indulgences can add up over time

Foregoing professional financial advice
Be sure to work with an estate attorney, accountant and a certified financial planner.

Rushing big decisions
Don't act on emotion and quit your job or sell your house without planning

Doing "nothing"
Don't be afraid to make smart and thought out investments

Being "too charitable"
Try not to go crazy spending money on your kids, family and friends

Read Full Article: Getting an Inheritance? Don't Make These Mistakes

Watch more tips on TheStreet:

This article was written by a staff member of TheStreet.

More from Video

FANG and Cloud Kings: How They can Change Your Financial Future

FANG and Cloud Kings: How They can Change Your Financial Future

Is Now the Time to Be in Tech? Experts Weigh in

Is Now the Time to Be in Tech? Experts Weigh in

This Market is Comparable to Getting Into a 'Fist Fight'

This Market is Comparable to Getting Into a 'Fist Fight'

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Data Regulation on FAANG's Could Just Be Underway: Cramer's Investing Teach-in

Your Need to Know - Forward Look

Your Need to Know - Forward Look