How did Johnny Depp lose a $650 Million fortune? He made it fast and then lost it even faster...
One of our core competencies at The Private Office is working wth clients who have experienced a sudden windfall. Nick has partnered with many clients over the years who have come into a large amount of money and helped guide them through the highs and the lows, and given them the focus they need to make good decisions.
We found this article in Bloomberg and feel it gives a good big picture overview of the sorts of pitfalls that can lie ahead of an inheritance, overnight fame, divorce settlement, business sale, lottery win or the like. Plus it has a few key strategies to give yourself some protection against the big life change that's about to take place.
Click through to read it here: