Post-Exit Wealth Management Checklist

Checklist Level 12

Sale Details

Net Sale Proceeds

Currency

First 30 Days - Immediate Actions

Do nothing drastic - Park proceeds in a high-interest savings account. Do not make major purchases or investments for at least 30 days.

Assemble professional team - Engage wealth manager, tax advisor, estate planning solicitor, and insurance broker.

Understand your tax obligations - Calculate CGT, income tax, and any deferred tax liabilities from the sale.

Set aside tax reserves - Ring-fence estimated tax payments in a separate account.

Review existing insurance - Life insurance, health insurance, liability coverage may need updating.

Pay off high-interest debt - Clear credit cards, personal loans, and any expensive debt.

30-90 Days - Tax Planning

File all necessary tax returns - CGT returns, company final accounts, personal tax returns.

Maximise pension contributions - Use annual allowance and carry forward from previous 3 years.

Explore EIS/SEIS reinvestment (UK) - Deferral relief on capital gains through qualifying investments.

Consider charitable giving - Donor-advised funds, charitable trusts for tax-efficient giving.

Review company wind-down - Strike off, MVL, or maintain dormant company as appropriate.

3-6 Months - Investment Strategy

Define investment objectives - Growth, income, preservation? Time horizon? Risk tolerance?

Build diversified portfolio - Spread across asset classes: equities, bonds, property, alternatives.

Establish emergency fund - 12-24 months of living expenses in easily accessible cash.

Consider property investment - Residential, commercial, or REITs for diversification.

Review angel investing opportunities - Allocate a small portion to startup investments if interested.

Set up ISA/tax-efficient wrappers (UK) - Maximise annual ISA allowance, consider VCTs.

6-12 Months - Estate & Lifestyle Planning

Update or create will - Reflect new asset position. Consider trusts for children/dependants.

Review inheritance tax position - Begin IHT planning early. Consider lifetime gifts, trusts.

Set up lasting power of attorney - Financial and health LPAs in case of incapacity.

Plan for identity transition - You are no longer "the founder of X". Explore coaching, new projects, board roles.

Define lifestyle budget - What does your ideal post-exit life cost per year? Plan accordingly.

Consider family governance - If significant wealth, establish family meeting structure and investment policy.

Professional Team Assembly

Wealth Manager / Financial Advisor

Tax Advisor / Accountant

Estate Planning Solicitor

Insurance Broker

Completion Progress

0 of 23 items completed (0%)

C²I

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