After years of walking clients through inheritances, business sales, bonuses, and liquidity events, we have seen how these moments unfold in remarkably consistent ways. There is almost always a boat, or something like one. A vacation home. A renovation. A car that was never quite justified before. None of it is wrong on its own. But how a windfall is handled in the months immediately following its arrival often determines whether it becomes the foundation for something lasting or whether short-term decisions quietly limit the outcomes that could have been possible.
Click here to continue reading "What Would You Do With a Windfall?"