MONTREAL, Aug. 27 /CNW Telbec/ - Many people dream of winning the
lottery and becoming a multimillionaire, but this dream really did come
true for one person, who became 37 million dollars richer on August 20.
Desjardins Group's experts in Specialized Financial Services recommend
that before taking a trip around the world, dressed to the nines,
staying in the most luxurious hotels or buying the hottest sports car,
the winner take some time to talk with qualified advisors.
Keeping a cool head and one's feet on the ground is the first piece of
advice put forth by Ms. Ermès De Dominicis, Manager for Business
Development under the Specialized Financial Services team with Carrefour
Desjardins in Montréal. "First of all," states Ms. De Dominicis, "it is
important not to act hastily, but instead speak with a qualified
professional whose expert advice you can fully trust. I would recommend
starting by investing this amount for a short period in a safe fund.
That will help you think clearly so you can prepare your next plan of
action with a little perspective."
The first thing many winners do is give away vast amounts to their
family members and closest friends. Although this is a commendable
initiative, even here, it is prudent to talk to a professional first.
"In fact, if it is difficult for the winner to properly manage a large
fortune, it will quite likely be just as hard for his or her children,
who also suddenly become millionaires. Rather than writing cheques for
several million each, I recommend opening a personal trust for
beneficiaries—one that includes a regular payout or one lump-sum
payout," emphasizes Ms. De Dominicis.
Also, this type of gain will significantly affect fiscal aspects, which
must be accounted for. Each investment decision has tax implications
that cannot be overlooked. At Carrefour Desjardins, Ms. De Dominicis
always starts each meeting with new clients with a complete analysis of
their needs. This way, she can draw up an organized plan where the
impact of each step will have already been calculated. Afterwards, it
becomes much easier to advise winners and for fortunes to grow in the
long term. "For someone who has only a basic understanding of tax
matters, financial and insurance products, it's not easy to know what to
do first after becoming a multimillionaire. This is why I once again
recommend that they consult with experts in Specialized Financial
Remember that Desjardins Group, thanks to its wide network of caisses
and its subsidiaries, has been putting its expertise in personal
finances and private management to work for members and clients for 110
About Desjardins Group
Desjardins Group is the largest cooperative financial group in Canada
and the sixth largest in the world, with assets of over $173 billion.
Drawing on the strength of its caisse network in Québec and Ontario, and
its subsidiaries across Canada, it offers a full range of financial
products and services to its 5.8 million members and clients. Desjardins
specializes in Wealth Management and Life and Health Insurance, in
Property and Casualty insurance, in Personal Services, in Business and
Institutional Services. As one of the largest employers in the country,
Desjardins is supported by the skills of its 42,200 employees and the
commitment of over 6,200 elected officers. For more information, visit www.desjardins.com.
SOURCE Desjardins Group
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