All in Legacy Planning

What to Do With a Sudden Windfall | Financial Planning

What to Do With a Sudden Windfall | Financial Planning

Eric Maldonado, CFP®, MBA
Charitable Giving, Financial Planning, Legacy Planning, Sudden Money

Whether it's from an inheritance, legal settlement, business sale, or unexpected bonus, a sudden windfall can happen in different ways. Sudden wealth can also leave you feeling unprepared to deal with it emotionally and practically. We've all heard the stories of the lottery winner who ends up worse off than before. Or the superstar professional athlete who goes broke a couple of years after retiring. There's, of course, a smattering of reasons for this, some preventable, some not. However, we can all agree that a little strategy can go a long way.

In this guide, we'll discuss thoughtfully approaching a sudden financial windfall, from the initial mindset to long-term financial planning strategies.

2021 End of Year Wishes

2021 End of Year Wishes

Eric Maldonado, CFP®, MBA
Business Owners, Goal Setting, Legacy Planning

As another eventful year comes to a close, I’d like to offer a heartfelt “thank you” for allowing us here at Aquila Wealth Advisors, LLC to have an impact on your financial independence and business ownership journey.

2021 was another year of uncertainty, but also a year where the indomitable human spirit shined.

There's a lot we can't control about the future, but we can control a few things.

As we usher in a new year with great expectations, here are some things to focus on:

Embracing Your Vision

Helping Your Heirs While Helping Others via the Charitable Remainder Trust (CRT) #giving

Helping Your Heirs While Helping Others via the Charitable Remainder Trust (CRT) #giving

Financial Media Exchange
Tax Planning, Legacy Planning

Charitable Remainder Trust (CRT)

A charitable remainder trust (CRT) can be a highly effective financial and estate planning tool. The CRT can allow you to: avoid capital gains taxes on highly appreciated assets, however when income is distributed to the income beneficiaries it is taxable; receive an income stream based on the full, fair market value (FMV) of those assets; receive an immediate charitable deduction; and ultimately benefit the charity(ies) of your choice.