In this video we walk you through how to modeling inheritance planning in the Voyant Global software.
Transcript
This training demonstrates how to model an inheritance in Voyant, allocate the funds to specific accounts, and ensure that client goals such as emergency savings and investment planning are accurately reflected.
Client Example:
Name: James
Scenario: Receiving an inheritance of €750,000 next year
Learning Objectives
By the end of this training, you will be able to:
Enter a one-time windfall (inheritance) into a client’s plan.
Specify the timing and value of the inheritance.
Allocate funds to designated accounts such as emergency savings and investment accounts.
Verify allocations using the Dashboard and Cash Flow views.
Apply best practices for communicating inheritance planning to clients.
Step 1: Enter the Inheritance
Click the + button → Income → Windfall.
Select Inheritance (other options include gifts, gambling, or other one-off inflows).
Enter the value of the inheritance:
Example: €750,000
Select Future Value to reflect the actual amount at the planned start date.
Go to Timing:
Double-click on the year the inheritance is expected (e.g., next year).
Click Done.
Confirm that the inheritance appears in the Dashboard.
Pink line indicates the inflow.
Step 2: Allocate Funds to Specific Goals
2a: Create an Emergency Fund
Click + → Savings Account.
Name the account (e.g., Emergency Fund).
Set the initial balance to €0.
Set Withdrawal Limit to Do Not Allow to prevent funds being used for expenses.
2b: Schedule Transfers
Transfer €25,000 from All Surplus into the Emergency Fund.
Event: Inheritance receipt
One-time transfer (non-recurring)
Transfer €725,000 from All Surplus into a Taxable Investment Account.
Event: Same inheritance receipt
One-time transfer
Click Done after each transfer.
Step 3: Verify Allocations
Check the Dashboard:
Black line above the inheritance inflow shows allocated funds.
Go to Cash Flow View:
Confirm the inheritance appears in the correct year.
Go to Investments View:
Confirm €25,000 is in the Emergency Fund.
Confirm €725,000 is in the Taxable Investment Account.
Step 4: Support and Assistance
For questions or plan-specific guidance:
Click the client’s name in the top right.
Select Request Support.
Enter your question in the text box and share client access.
Key Takeaways
Inheritance modeling allows advisors to reflect one-time inflows accurately in a client’s plan.
Allocating funds to specific accounts ensures client priorities, such as emergency savings, are respected.
Verification through Dashboard, Cash Flow, and Investment views is critical to confirm proper allocation.
Clear communication with clients about allocation strategies enhances understanding and confidence.