70 per cent of people who receive an unexpected windfall, such as a lottery win, spend it within three years. Similarly, it’s unfortunate to see many who receive an inheritance squander this wealth within a few years. If you find yourself in possession of an asset or sum of money through an inheritance or windfall, often the best thing to do is to stop and get financial advice.
In this ebook we help guide you through the often complex considerations that arise from becoming beneficiary of a windfall or inheritance.
This ebooks helps recipients of a windfall or inheritance to make smart decisions and get your money working for you.
We consider wise spending, debt management, tax implications and creating a long-term financial plan. That way, you can enjoy the benefits both now and into the future, as well as honor any loved ones who have worked hard to make this opportunity available to you.
When it came to acquiring a lifestyle underpinned by financial security, Brenton Tong grew up in Sydney hearing, “People like us can’t do things like that.” He’s made a career out of proving that wrong for himself and for all kinds of clients who couldn’t see a way to the life they deserved, however hard they worked. He is now consistently ranked as one of Sydney’s top financial planners (Adviser Ratings).
Financial Spectrum is an independently owned financial planning practice with offices in the Sydney CBD, Bondi Junction and Balmain.
Because we’re independently owned financial planners, we’re not tied to any financial “products” and we reject commissions. Our focus is on delivering genuine value to you, our clients.
Financial Spectrum Pty Ltd,
ABN 65 164 212 524
Corporate Authorised Representative of Climb Wealth Pty Ltd, Licence 409424
The Information provided is general in nature only and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information presented you should consider the appropriateness of the information having regard to your objectives, financial situation and needs. We highly recommend you seek professional advice to check how the information relates to your unique circumstances. Financial Spectrum is not liable for any loss caused, whether due to negligence or otherwise, arising from the use of, or reliance on, the information provided.
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