my top tips for folks coming into an inheritance or trust fund
because this gets to be fun
Over the years, I have come across people who are thrown into the messy, chaotic business of receiving lots of money overnight and all the turmoil (internal and familial) that comes along with it.
It’s one of my favorite things to coach on so here are my best tips if this sounds like you!
Acknowledge the incredible nuance of losing someone close to you (even if the relationship wasn’t perfect) and receiving money after they pass.
It can be strange to receive assets after someone’s passing because it might feel like the money is supposed to make up for a loss of life. If you have a strained relationship with receiving money of any kind this can be especially difficult because you didn’t actually “earn” this money (more on this later). Grieving and being “paid off” might feel icky. There is no substitution for having that person alive, you know that. AND the assets are there to help ease the transition into a world where their presence is missing. Both are true, both can take up space in your body at the same time. On the other hand there might be some shame around feeling grateful the person is gone and looking forward to receiving the assets. Inheritance is incredibly complex, be open and nonjudgmental to any and all conflicting feelings. Humans are pretty incredible and can handle a lot.
When it comes to family or other beneficiaries, the less you say and the more controlled and confident you are, the better.
Your energy is all you can control. Families be crazy, ok? And the settlement process can be long and grueling. The more zen and pleasure and buzzing anticipation you can cultivate in the limbo before receiving your assets, the more peaceful your life will be. You will notice a lot of people in scarcity during this process. People showing their grubby side and being desperate. There is a hot sort of desperation, but this ain’t it. Exercise your calm confidence, everything is always working out in your favor. “This or something even hotter”.
Consider your perception or stereotype of people who come into money or are “trust fund babies”.
There are many ways to plan for one's future family or lineage and that includes creating trusts or savings accounts, taking out insurance policies, etc. What are your inherent thoughts or beliefs about people who come into money? Do the words spoiled, weak, or lazy come to mind? Does your self image rely on the value of hard work? Would your self worth plummet if you made a lump sum of money that came easily to you? Is it important for you to earn your money and why? Another way you can reframe this is, think about the future you want for those you care about. If you set up an incredible trust for your lineage where they could pursue their passions, travel, create, love hard, and never have to worry about money, wouldn’t you want them to be able to claim that money with their whole being? Shameless, bold, and confident?
Use the momentum of coming into money to get your rich CEO shit together
I believe that money management and investment education should be prioritized way sooner than most people think, but this is a classic “here’s your sign” moment. Here’s your sign to hire a money coach, find a financial advisor, and learn the basics of investing so that your money has a safe environment to flourish. If you’ve never had money before, this will be foreign but I promise it gets to be fun. Find someone who reflects your goals and values. There are Gen Z and Millennial financial advisors who value wealth distribution, sustainability, and other progressive issues. You don’t have to settle for crusty or dusty.
Bonus for those in the family planning stage: bake in the terms of your child’s trust that they have access to curriculum about money management
Purposefully set aside $10k or $20k for your beneficiaries to pursue any money education of their choice. A degree, a business coach for starting their own business, a kickass CPA cert. For a lot of folks, it’s not a first instinct to prioritize financial literacy, but making it clear that it’s an important pursuit might be a good motivator.
If you’re having to untangle feelings around inheritance or trust funds or if your goal is to make spending that money as erotic as possible, then UNHOLY MONEY is the place for you.
Receiving money easily becomes hot and common.
UNHOLY MONEY 🥀
6 months private money coaching
3 coaching calls per month
1 pleasurable money ritual per month
Telegram chat support between calls
$2k/mo.