New Wealth


Family pressures can make inheriting a great sum of money difficult - especially because many times, inheritance is due to the loss of a loved one. Despite the circumstances, you still need to develop a plan. Are you ready to handle your newfound wealth?

Identify Needs
There are many financial concerns to think about when encountering a financial windfall, from understanding the tax consequences to figuring out the best way to make your money work for you. And if the amount is substantial, you should probably begin considering longer-term issues like taxes, increasing your insurance coverage and forming an estate plan of your own.

But before you do anything, take a few moments to catch your breath. We know it's overwhelming to think about all these circumstances at once. But the right preparation can help you make the most of your inheritance.

The Big Picture
Consider your individual needs first. Taking care of yourself and your family is primary to the needs of your extended family. Tend to areas that have been problems like repairs on the house or car you may not have been able to do previously - and make sure you have your emergency reserve of at least three months of income in savings.

Once those immediate objectives are met, it's time to prioritize future goals, like college education for your children and planning for your own retirement. Have you always wanted a larger house for your growing family? We can assist you prioritize these goals and create the right strategies for each. Just contact us to start planning today.

Get Started
Even though you have just inherited a large sum of money, it can vanish before you realize it if you don't make wise decisions. Start by making certain that you're saving for both your short- and long-term goals. Learn more about how Warren Wealth Management approaches your needs. Please visit our contact page and we will be happy to help you clarify and prioritize your financial goals and track your progress toward achieving them.

Financial Needs

Birth Of A Child
Career Change Or Promotion
Caring For A Parent
College Education
Estate Planning
New Marriage
New Wealth
Protection Of Income/Family
Purchase Of Home/Real Estate
Retirement Planning
Small Business Owners
Starting To Invest