Sudden Wealth – what to do about it
One of the unique pitfalls of financial planning is suddenly coming into money. This might affect you if you fall into the following categories:
- Sale of a business
- Inheritance
- Divorce
- Critical illness
- Windfalls (e.g. lottery win)
- Ultimate high earners
It may surprise you to think of it, but sudden wealth can be negative as well as positive. Some commentators have described this as ‘affluenza’ as the responsibility of the extra wealth can lead people to suffer from stress as a result of managing the assets.
Click here to download our factsheet on sudden wealth.
Unsurprisingly, we can help. We have a service which directly resolves all the issues people face when they come into money – the Portfolio Management Service.
Tags: business sale, Critical illness, Divorce, Inheritance tax, Investment, lottery, lotto, pension, ultimate high earners, windfall
