One common way for an individual to come into wealth is through an inheritance from a loved one and this is likely to become increasingly common in the years to come. It’s expected that in the approaching decades we will see a significant wealth transfer from the baby boomer generation to millennials through inheritance.

But, for those unprepared to receive a large sum of money or assets, it can be an overwhelming experience and a difficult process to navigate with tax implications, tight deadlines and sometimes even negative consequences for their own financial circumstances.