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Devon Littlefield

Financial Advisor

 

Reliant Investment Services

Located at

Reliant Community Federal Credit Union

10 Benton Place, Sodus, NY 14551

 

Phone:  800-724-7889 Opt. 1

 

Email: devon.littlefield@lpl.com

September/October 2025

Preserving an Inheritance

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A sudden inheritance can catch you off guard. One minute your life is status quo; the next minute, you have additional assets to plan for. While it may be tempting to spend your windfall, take a step back. Reckless spending has decimated many an inheritance, so sit down with your financial professional to develop a plan for managing and preserving your wealth. Here are a few ideas to get started.


Stash the cash in a money market account or other short-term investment until you have a plan in place.


Create a saving and investment plan. If you don't have an emergency fund with 6-to-12 months of living expenses, start there. Invest extra money in investment vehicles that reflect your time frame and risk tolerance.


Pay off personal loans and credit card debt, and don't run up new debt.


Plan a legacy that leaves wealth to your loved ones or to charity. An estate planning attorney can help you navigate the options to minimize any tax bite.


Splurge just a little. Setting aside some money to spend on yourself can keep you from feeling deprived.

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Devon Littlefield is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Reliant Community Federal Credit Union and Reliant Investment Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Reliant Investment Services, and may also be employees of Reliant Community Federal Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Reliant Community Federal Credit Union or Reliant Investment Services. Securities and insurance offered through LPL or its affiliates are:

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