Activity 2: Goals-Based Wealth Planning

Scenario: A high-net-worth couple who have been married for 10 years and are raising three children; the wife receives an inheritance from a late family member. The inheritance she receives alters her assets significantly, as she is the primary caretaker for the couples children, which makes the husband the primary income earner.

Suggest ways on how the couple will handle their new-found asset/wealth by presenting a financial plan that will focus on:

a. Personal goals

b. Family goals

c. Goals for the children