SUDDEN WEALTH: Managing a Windfall from Inheritance, Home Equity, or Business Proceeds

Receiving a large sum of money can be a source of great joy or deep guilt. Regardless of whether it is bestowed by a sweet twist of fate or other—less happy —circumstances the money needs professional management to be appropriately used, sustained and grow. The amount received may exceed previous money-management experience of its receivers, leaving them uncertain as to what to do or the best thing to do.

That is where you come in — with a plan to turn sudden wealth into a comfortable long-term lifestyle. If your client expects to inherit, to receive the value of a DCP, to earn equity from a business sale or sale of other property, you will want to begin wealth coaching long before the money is in the bank.

• Learn the ropes for managing the scope, challenges and benefits of sudden wealth;
• Implement strategies for saving, investing, insuring and gifting;
• Explore the details on legal and tax matters.