Inheritance

Unexpected Income

  One would not tend to think that a financial windfall could somehow end up badly. But shockingly, about 70 percent of people who win a lottery or come into a sudden windfall actually end up in bankruptcy or broke.*

     We had a client several years ago who had sold his business for a lot of money, and was then gifting sufficiently to send all nine of his grandchildren to private schools. We demonstrated to him that at his gifting schedule he would likely run out of money between twelve and fifteen years! Naturally, he altered his gifting pattern to a more sustainable level.

     Whether you have acquired your new-found wealth through inheritance or a winning lottery ticket, the last thing you want to do is “blow it.”

 Ed and Brenda can help you put together a financial plan designed to meet your goals and objectives AND be sustainable for the long haul. Do not fall victim to the pitfalls that lottery winners, professional athletes and other sudden inheritors of wealth typically encounter.

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