Inheritance Planning

An inheritance can make a big impact on the financial plans of a family member. There are two sides to financial planning for an inheritance: 1. planning to pass on assets to family members and 2. adjusting financial plans due to receiving an inheritance. The two sides require very different types of planning and consideration.

Receiving an inheritance can be a stressful event and one that can also lead to hasty and lasting financial decisions. A large change in account balances takes planning to adjust investment allocations, debt repayment, college savings, and retirement planning. There are a lot of good things that can happen and decisions that need to be made with a large influx of cash, but the decisions need to be the correct ones.

We can help you with your inheritance financial planning here in Winston-Salem.