Posted: March 6, 2019
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Managing a Sudden Inheritance or Windfall

Managing an inheritance or financial windfall is extremely difficult to do successfully. It’s a stressful, emotionally draining experience, and most people don’t take the necessary steps to ensure that the one-time event can translate into long-term wealth creation and fulfillment.

The initial timeout period is one of the most important things you can do to ensure success. During this time, you can gain the perspective and emotional clarity that can help you make optimal long-term financial and life decisions.

After an initial timeout period, paramount are intentional thinking about potential lifestyle changes and building the right team around you. Planning to wealth team can help ease anxiety and stress while providing objective advice in financial, tax, legal, and other areas.

With that foundation, detailed discovery about your personal values and goals can help you make the most out of this event. Here’s a framework of financial planning tips and strategies to maximize your success.

Original Post: Managing a Sudden Inheritance or Windfall

Tags: #manage #Money #roles #strategy #Wealth


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Managing a Sudden Inheritance or Windfall