Inherited Wealth

The question of how to use inherited money can be a difficult one. Often people are unsure how to proceed with large lump sums. It is common to feel an increased sense of responsibility to use wealth inherited from a loved one wisely.

Inherited wealth can be used for a number of applications such as:

  • Paying off debts e.g. a mortgage
  • Generating income
  • Saving for the future
  • Helping out children and loved ones

An adviser can help you by taking you through all the available options, some of which you may not have considered, and then by recommending the best way to achieve your aims taking in to account the tax treatment of your inherited wealth and the need for future flexibility.

Dealing with inherited wealth can prove a stressful and emotional time. Seeking professional advice helps to alleviate stress and worry and the provide the peace of mind that a strategy is in place to achieve your goals.