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.
What’s Next?
Every engagement begins with a brief intake form so your advisory team can prepare ahead of time and align the conversation to your financial picture and goals. From there, you receive a tailored proposal built around your specific situation, walked through with you in detail so every question is answered before any commitment is made.