John (caller / guest)

John, a caller and executor of an overseas estate, seeks a second opinion after being advised to purchase a whole life insurance policy following a substantial inheritance of about $2.5 million. Jill clarifies the tax implications of transferring the inheritance to the U.S. and challenges the advice on whole life insurance. She recommends working with a certified financial planner instead and highlights the importance of comprehensive financial planning, especially after receiving an inheritance, to avoid high-pressure sales tactics.