THE WINDFALL

1. This would be a lottery or football pools win rather than an inheritance, as the latter is often expected and to a certain extent may be planned for.

2. The most important point to remember is that the normal planning exercise should not be ignored. Rather, the higher the cash sum, the more necessary it becomes.

3. In particular, you may wish to protect your dependants against the full effects of Inheritance Tax, and against capital erosion. Your financial adviser should be able to suggest various options for both contingencies.

REMEMBER You should not use any information contained on this page as the basis of any action until you have discussed matters with your financial adviser.