How To Prepare For A Financial Windfall So You Don’t Lose It All
- By
Julia Austin
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Your team can help you give help
It’s important to be wary of those who try to take advantage of you or to be aware if financial guilt is pushing you to make sudden decisions. But when those requests from loved ones start flooding in, “If you have your mindset in check and your financial team, you can say ‘No.’ Or you can do a one-time gift,” Washington states, adding that your financial team can help you determine what you can afford to give out to loved ones. She also suggests preparing a script from which you read when loved ones approach you about money.
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