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    Five Common Pitfalls of Sudden Wealth

    by Grant Rawdin, J.D., CFP®, Founder and CEO, Wescott Financial Advisory Group LLC Jun 24, 2019 3 minutes

    Sudden wealth can take many forms, including selling a business, executing stock options or reaching a legal settlement. Most often, however, sudden wealth is the result of an inheritance.

    Receiving a large inheritance, especially when tied to the death of a parent or loved one, can trigger powerful and conflicting emotions that may lead to risky financial decision-making.

    A trusted financial adviser can provide stability and insight to help individuals navigate these complicated and confusing times. In addition, there

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