Inheritor Case Study

Lauren, age 37 | Primary goal: maximize the inheritance she has received, and improve her financial literacy.

The Challenge

Lauren recently received a call from her parents informing her that her grandpa Elliot had passed away and left her a sizeable inheritance.

While saddened to hear the news, she was grateful (and kind of nervous) to see such a large amount of money in her account.

Lauren felt stuck about what to do.

The Approach

Lauren wanted to honor her grandpa by using the money wisely, so she asked her parents what they thought she should do. Mom and dad recommended reaching out to the Elite Financial Group, since they had been working with the team for years for their own finances.

Lauren decided to give them a call and instantly felt at ease with the knowledge, reassurance, and resources the Elite Team provided.

A Personalized Plan

After a few initial calls, Elite Financial was able to help Lauren:

• Create a plan to leverage her inheritance in a way that aims to accommodate her goals.
• Walk her through the asset allocation, so she knew exactly where her money was and how it was helping her.
• Create and fund a unique retirement plan that aims to set her up for success
• Develop her financial literacy with resources, content, and emails.

Lauren now feels empowered that her money is being used in a way that honors her grandpa, preserves her financial life, and has an advisor that is available to answer questions.

Note: This is a hypothetical situation based on real life examples. Names and circumstances have been changed. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments or strategies may be appropriate for you, consult your advisor prior to investing.