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Cash Flow, Budgeting, And Debts

Sudden Wealth Event Issues

Updated 12/1/2024

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 to provide guidance and value to your clients, and offers a unique opportunity to make a significant positive impact.

This checklist helps guide your conversations when advising clients that experience a sudden wealth event, and covers:

  • The nature, timing, and terms of the wealth event
  • Cash flow impact
  • Liquidity considerations
  • Tax planning matters
  • Long-term planning opportunities
Related Guides
Account Savings And Contributions Review
Category: Cash Flow, Budgeting, And Debts
Cash Flow Review
Category: Cash Flow, Budgeting, And Debts, Client Meetings & Client Service Calendar
Unexpected Expense Issues
Category: Cash Flow, Budgeting, And Debts
Savings Allocation Decisions
Category: Cash Flow, Budgeting, And Debts
Emergency Fund Issues
Category: Cash Flow, Budgeting, And Debts, Client Meetings & Client Service Calendar

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