Sudden Money

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Sudden Money is a term coined to refer to an individual’s financial life changing in an instant. This could be the result of an inheritance, a lawsuit, or even winning a lottery. Regardless of how it happens, you need to make critical financial decisions in order to preserve and maintain the windfall. The effects of these decisions will have lasting consequences and therefore require guidance and expertise.

Consider the following questions:

  • Do I now have an Estate Problem?
  • What Tax ramifications will there be?
  • Should this money be managed differently from my other money?
  • Is this money considered Separate Property?
  • Is this enough money to significantly change my lifestyle?
  • What can I do to preserve it and invest?

We invite you to call Knight Wealth Services at 985.641.0111 to schedule a complimentary consultation to discuss your unique situation.