Checklist: Here’s What to Do in a Sudden Wealth Event
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Checklist: Here’s What to Do in a Sudden Wealth Event

|In Checklists
|By Peter Donisanu, ChFC®, AIF®

Experiencing a sudden wealth event can be transformative, and so it’s crucial to navigate this change with a comprehensive understanding of the financial implications. You’ll learn how to manage the immediate cash flow impacts, address asset and debt considerations, and make informed insurance choices.

The guide also explores the tax planning intricacies associated with such an event, helping you to strategize effectively to minimize liabilities. Additionally, it delves into long-term planning, ensuring that your newfound wealth aligns with your overall financial objectives, estate plans, and philanthropic interests.

By addressing these various aspects, you’ll be equipped to make prudent decisions that safeguard and optimize your financial future in light of this significant change.

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Peter Donisanu, ChFC®, AIF®

Peter Donisanu, ChFC®, AIF®, is Chief Wealth & Tax Strategist at Franklin Madison Private Wealth and previously served as a senior investment strategy analyst at Wells Fargo Investment Institute, where he contributed to portfolio guidance for institutional and private wealth clients. He works with high-net-worth retirees and pre-retirees on retirement planning, tax-aware wealth strategies, equity compensation, and sudden wealth preservation, helping clients approach major financial decisions with clarity, confidence, and peace of mind.

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