What Issues Should I Consider if I Experience a Sudden Wealth Event?

Guide for managing sudden wealth, covering event details, cash flow, taxes, and long-term planning.

Key Benefits

Understanding the Event Clarify the nature, timing, and terms of the wealth event to fully understand its immediate implications and how it integrates with existing financial plans.

Cash Flow Impact Assess how the sudden wealth influences current and future cash flow, ensuring clients can maintain their financial stability and meet upcoming obligations.

Liquidity Considerations Evaluate liquidity needs post-event to ensure clients have sufficient access to funds for both planned and unplanned expenses.

Tax and Long-term Planning Address necessary tax planning strategies to optimize tax outcomes and explore long-term planning opportunities to secure and grow the newfound wealth.

About This Resource

This checklist offers guidance on managing sudden wealth events such as inheritances or business sales. It addresses the specifics of the event, cash flow impacts, liquidity needs, tax considerations, and long-term planning, helping clients maximize their financial windfall.

Financial Synergies
Wealth Advisors

Financial Synergies Wealth Advisors is a fee-only financial advisor and wealth management firm located in Houston, Texas. For over thirty-five, years we’ve been serving the financial needs of individuals, families, and businesses from around the world. When we take on new clients, they become part of our extended family, and in the past three decades we’ve developed multi-generational relationships with many of them.

Our primary goal is to simplify your financial life. Our Certified Financial Planner™ professionals and advisors combine investment management and holistic financial planning to provide total wealth management for our clients. Together, we’ll construct a financial game plan and investment strategy to meet your goals, and give you greater confidence in your future.