If you have recently received the death benefit of a life insurance policy, you may find yourself with more money than you know what to do with. Louis John Stanzione at Fairfield Green Enterprises, the top financial consulting and estate planning expert in Summit, NJ, wants you to understand how important it is to make wise decisions with your life insurance benefits. He has a long track record of helping clients manage wealth, protect assets, and plan their estates.

Below are some tips to help you make wise decisions with the life insurance benefits you receive:

• Don't Act Quickly: Don't make any immediate decisions — even about investments — while you are still grieving. Instead, place the money in a safe (i.e. FDIC-insured) liquid investment such as a short-term certificate of deposit (CD) or money market account.
• Set Goals: Once your money is safely parked, take the time to decide what your short- and long-term financial goals are. Do you want a security fund, or to make gifts to relatives? Do you want to take a trip or establish a charitable fund? Figure out what you truly want before making any impulse decisions.
• Set Time Horizons: When you know how you'll dispense your money, you can set your investment time horizons. For instance, if you plan to spend part of the inheritance soon, don't tie it up in a 10-year CD or an investment with the potential for short-term loss. Knowing time horizons helps you decide how much to keep liquid and how much to invest in instruments that do not easily convert to cash.

Louis John Stanzione at Fairfield Green Enterprises, the most trusted estate planning and financial consulting expert in Summit, NJ, will help you make wise decisions with your life insurance proceeds. With his experience in the industry, he will guide you through the confusing financial and investment landscapes and help you choose wealth management strategies that meet your needs. Visit the company website to learn more about your options or call (908) 277-2603 today.