It is often the case that one receives an inheritance at a time of heightened emotions. This is generally not the best situation for objective decision-making and it may initially add to one’s stress. Regardless of your financial or emotional state, take some time to figure out the best use of your inheritance. Inheritances can be bequeathed in many forms, and it is important to understand what you are working with. Before making any major financial decisions, consider speaking with your financial advisor and/or an attorney or tax professional. Expedient decision making is important in many instances in life, but this is not one of them. When the time is right, your Rock Trading Inc advisor will assist in making appropriate adjustments to your investment plan and portfolio.
ESTATE PLANNING
Everyone should have an estate plan. It can range from a simple will to a complex set of trusts. Estate planning is an integral part of the ongoing process of investment management. We encourage all of our clients to carefully consider their legacy: their money, values and how they want their assets to benefit others. Beyond bequeathing to loved ones, this may include leaving money to an alma mater or another favored charity, creating a charitable trust or endowment fund. Creating a legacy that reflects your personal values can be a complicated process but it?s worth the time and effort.
OTHER LIFE EVENTS
All major life events have an impact on investment management. It’s important to keep your financial advisor apprised of what is happening in your life, both good and bad. This can include marriage, the birth of a child, divorce, loss of a loved one, job change, promotion, and sabbatical – your Rock Trading Inc advisor will be at your side wherever life takes you.
