After inheriting $1.5 million from her mother’s estate, an active and independent woman in her 60s came to us for guidance. She had received a taxable investment portfolio with 120 equity and municipal bond positions. She also had several previously owned investment and retirement accounts dispersed between mutual fund companies and brokerage firms. She came to us with no idea how the performance had been or what her overall asset mix was.
We were able to consolidate her accounts to create a clear picture of her investment summary and determine a tax efficient plan for liquidating the inherited stocks. After determining her risk tolerance, income, lifestyle needs and goals, we set her up with an appropriate investment mix to achieve both capital preservation and growth. With the right diversification in place, and a knowledgeable, trusted Advisor to come to with questions, she was able to feel secure about her future. We referred her to an estate attorney to draft a Trust and Healthcare Directive documents which were not in place. Her pursuits thereafter included remodeling her home, increasing her travel, and contributing more time and money to her charitable causes.
