What Issues Should I Consider If I Experience A Sudden Wealth Event?

Clients 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 for guidance and can create unique opportunities to make a significant positive impact.

This checklist helps guide your decision making if you experience a sudden wealth event:

• The nature, timing, and terms of the wealth event
• Cash flow impact
• Liquidity considerations
• Tax planning matters
• Long-term planning opportunities