Counting your blessings

While an inheritance can sound appealing in theory, when it actually happens to you and it’s the result of the loss of someone close, the emotions around that loss can make dealing with the bequest particularly challenging.

With this gift comes the responsibility of managing your inheritance wisely and of making the best of a rare chance to use the money to achieve your dreams, while also acknowledging your benefactor’s wishes if appropriate.

You’ll have a lot of decisions to make. These choices may include whether to use the money to pay off the mortgage, to fund educational expenses for children/grandchildren, or to donate to charities you support or in honour of the person who left you this gift. How do you navigate your way through the maze of options and priorities in front of you?

Making the best decisions

We’re here to help you work it out.

This is an opportunity to identify both your personal and family goals, and weigh up the options the inheritance provides – short term and long term. We can help you identify your choices, manage any risks and set smart goals.

The tax situation can be a little complicated with the sale of inherited property and shares. If necessary, we’ll work with your accountant or put you in touch with one. You may also need assistance from a lawyer or real estate professional.

Count on us

We can provide you with the support you need to make the most of your opportunity. This can include helping you with your long-term goals as well as providing more targeted advice to see you through the immediate future. We’ll work with you, tapping into our expertise on super, tax and investments to create a plan to make the most of the opportunity you’ve been given.

Blueprint Planning Pty Ltd ABN 78 097 264 554 trading as Blueprint Wealth is an Authorised Representative and Credit Representative of AMP Financial Planning Pty Limited, Australian Financial Services Licensee and Australian Credit Licensee.

Any advice contained in this document is of a general nature only and does not take into account the objectives, financial situation or needs of any particular person. Before making any decision, you should consider the appropriateness of the advice with regard to those matters. If you decide to purchase or vary a financial product, your advisers, our practice, AMP Financial Planning, its associates and other companies within the AMP Group may receive fees and other benefits, which will be a dollar amount and/or a percentage of either the premium you pay or the value of your investments. Ask us for more details. If you no longer wish to receive direct marketing from us please call us on the number in this document and if you prefer not to receive services information from AMP, you may opt out by contacting AMP on 1300 157 173. To view our privacy policy visit www.amp.com.au