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You've Inherited A Lump Sum - What Now?
Inheriting a lump sum can be life-changing, and overwhelming, especially if you've never managed significant money before. In this episode of Lumin Wealth's 'Financial Illumination' podcast, financial planners James Corcoran and Jack Dudley explain what to do (and what not to do) when an inheritance arrives: why the FCA treats new inheritors as potentially vulnerable clients, the questions a good adviser asks first, gifting and the seven-year rule, why leaving it all in cash quietly costs you, and how cashflow planning maps the money to your life.
00:00 What counts as a lump sum
04:38 Getting…
The skinny
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