Their Challenge
In this situation, the inheritor may feel overwhelmed by the complexities of managing newfound wealth, especially while coping with the grief of losing a parent or loved one. With their new financial reality, they may recognize the importance of organizing their finances before starting a family and even consider a career change to pursue a lifelong passion. Additionally, depending on the nature of the inheritance, they may need guidance on potential tax implications—such as accessing funds from a trust composed largely of individual stocks with substantial capital gains.
The Voyager Approach
We would develop a tailored financial plan and investment strategy to help the inheritor navigate this transition with confidence. If they were planning to start a family or shift careers, we would ensure their financial foundation supported these goals. Together with the inheritor (and their partner, if applicable), we would determine an appropriate down payment on a new home that balanced immediate needs with long-term financial security.
Our approach would be designed to provide clarity and confidence, allowing the inheritor to move forward with a clear path toward achieving their dreams while responsibly managing their new financial responsibilities.
This case study is for illustrative purposes only. Individual cases will vary. Any information is not a complete summary or statement of all available data necessary for making an investment decision and does not constitute a recommendation. Prior to making any investment decision, you should consult with your financial advisor about your individual situation.
Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. Investing involves risk and you may incur a profit or loss regardless of strategy settled, including diversification and asset allocation.
