35 Major Issues To Consider With Sudden Wealth Checklist
What should you do when you encounter sudden wealth from an inheritance, sale of a business, lottery winnings, or legal settlement?
Based on experience from 100s of people just like you, we've compiled this checklist to help you avoid big money mistakes and to identify opportunities to preserve your money long-term.
What you'll discover:
The nature, timing, and terms of the wealth event
Cash flow impact
Tax planning matters
Long-term planning opportunities
Understand what you need to know about managing sudden wealth with this free checklist
You can experience a variety of wealth events that lead to a financial windfall, including the sale of a business or real estate, an inheritance, lottery winnings, or a legal settlement.
An increase in wealth, especially when unexpected, large, and/or sudden, requires thoughtful planning.
This is a critical time to get the guidance and insights to help you grow, preserve, and utilize a recent influx of cash and/investments.
Disclosures: Covenant Wealth Advisors is a fully independent, fee-only wealth management firm and registered investment advisor located in Richmond and Williamsburg, VA. We are a fiduciary. This means we must always put client interests ahead of our own. We are also a fee-only firm. This means we never receive commissions or third party payments and are only compensated by our clients for advice.
Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.The views and opinions expressed in this content as of the date of the posting, are subject to change based on market and other conditions. Nothing is intended to be, and you should not consider anything to be, investment, accounting, tax or legal advice. If you would like accounting, tax or legal advice, you should consult with your own accountants, or attorneys regarding your individual circumstances and needs. No advice may be rendered by Covenant Wealth Advisors unless a client service agreement is in place.
Copyright © 2020 Covenant Wealth Advisors, All rights reserved. Investment advisory and financial planning services provided by Covenant Wealth Advisors, a registered investment advisor.