If you’ve received an inheritance

You’ll likely have questions about what your options are: whether you should spend, save or invest? And if you spend, what will bring the most benefit? We start every conversation by establishing what your big goals are for your future. That may take a bit of time and exploration, but it allows you to discover the ways your decisions are now moving you closer to your aspirations.

Lots of things can be affected by a change to your financial picture, including what’s achievable in both the short and long term, the assumptions any existing plans and policies are based on, your risk profile if you’re an investor, your tax planning, and your plans for passing on your wealth. It’s important, therefore, to seek professional independent advice when you receive a large lump sum.

A large lump sum gift could be life-changing for a younger member of your family. But decisions with weighty outcomes need careful consideration. You may feel anxious about how to ensure all younger members of the family are treated equally or worry that doing so affects your ability to achieve your own goals. In these circumstances, taking advice from a professional experienced in this area is vital.

You should never feel rushed into making a decision when you receive an inheritance. Healing from the loss of a loved one takes time and coming into a large sum of money can be an emotional experience. You’re not unusual if you’re having a hard time deciding how to use the money so only approach decision-making when you feel emotionally and physically ready. We can give you advice on the most advantageous and secure places to keep your money in the meantime.