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CASE STUDY
Sudden wealth through inheritance
We are proud to provide sound financial advice to clients having wide-ranging financial circumstances and goals.
CASE STUDIES
The Client
Alice* inherited a seven-figure sum of money in her 20s upon the unexpected death of a parent. It was Alice’s first time working directly with a professional financial planner.
ALICE'S STORY
Seeking
Financial
Stability
Already having property subject to mortgage and a modest amount of savings, Alice worked full-time and paid regularly into her workplace pension. She sought advice because she was keen to develop an effective financial plan and long-term wealth management strategy incorporating both her existing assets and the inheritance left to her.
Alice’s priorities included achieving a comfortable standard of living and enjoying financial stability throughout her lifetime.
ALICE'S STORY
The Outcome
Working together with her Financial Options Group adviser, Alice determined both her immediate and big picture objectives.
To enhance Alice’s financial stability, the amount of money held in her ‘rainy day fund’ was increased to cover her in the event of emergency, and her savings were bolstered. Reducing Alice’s tax liability was a priority, and her adviser worked to ensure that all suitable yearly tax-free allowances were utilised to the full.
A long-term wealth creation strategy was also created for Alice. Because she inherited a private pension, this became central to a five-year plan which positioned Alice’s funds to benefit optimally from active fund management provided by the Financial Options Group.
With Alice expressing an interest in future property investment, her adviser assured her that our team could assist her in making tax-efficient and financially sound decisions as a landlord.
As a valued Financial Options Group client, Alice receives regular reviews of her financial plan to ensure that it consistently aligns with her financial objectives. She now feels confident that the estate she received from her loved one will translate into perpetual financial wellbeing, rather than giving her a fleeting financial boost.
If you would like to speak with a professional financial adviser about your own financial circumstances and objectives, please contact us via the form below.
*Names and identifying details have been redacted.
The case studies shared above are intended to illustrate the financial planning process. They should not be considered a replacement for individual tailored investment advice. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested.
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