Description - Boom! Managing Sudden Wealth: Inheritance, Home Equity, Business Proceeds (and other windfalls)

How to order: Click on the Add to Cart button on the Course Catalogue page. If you have a coupon code, put it in the coupon code box and the discount will be applied to your order. (Remember to register on CLIFE first!) After you pay for your order with your credit card, you will receive an email with a link to download the Course. You can then use the link provided to read the Course on your computer or print it off.

Test: You will be sent a link to the test in the same email that has your course link. You must login with the username and password you created in your registration to do the test; no login is required for the course.

Certificate: Download your Certificate after successfully completing the test.

TABLE OF CONTENTS

1. Hello Money!
Introduction to sudden wealth.
4
2. Sudden Wealth Sources
Where the money comes from and relevance of its source to planning.
7
3. What's Mine, What's Ours
How to protect the windfall from division as a family asset.
13
4. Constraints to Consider
Pension needs and their special considerations.
15
5. The Decision-free Zone
The importance of a time-out for financial decisions.
19
6. The Proverbial Elephant in the Room
The shocking considerations of financial literacy, overconfidence and aging.
23
7. What To Do First
Establish the client relationship with a letter of engagement. Includes a sample letter of engagement.
28
8. Will Power
The importance of will review in light of changed financial circumstances. Includes an Asset Inventory Form and Beneficiary Designation worksheet.
53
9. Ditch the Debt
Several reasons why paying off debt pays off.
75
10. How Much is Enough?
Methods to determine how much will be needed for retirement.
76
11. Give It Away
Gifting money and property to family members and charities.
82
12. Save It
The benefits of topping up RRSPs, TFSAs, and RESPs.
93
13. Invest It
Some principles and products for the newly wealthy.
121
14. Insurance Needs, Revisited
Examining the needs for insurance, both life and A&S.
136
15. Threats to Wealth
A look at the risks, and how they can be managed.
147
16. A Taxing Concern
Some tax considerations.
152
17. Taking Care
Don't overlook needs for disabled children.
160
18. What To Do Next
Concluding the process.
163

 

$174.95

Provincial Life Credits: 15 credits in BC, AB, SK, MB, ON
CFP® Professionals: 15 credits (Financial Planning)

Back to Catalogue