What to Do When You Get a Large Windfall

Regardless of where newfound wealth comes from, it’s important to prepare to manage it properly.

• Windfalls can come from inheritances, business sales or payouts, lawsuit proceeds, or employment severance

• Sudden wealth requires thoughtful planning, reassessing strategies and disciplined decision-making

• Critical actions include delaying major decisions, defining goals, managing debt and building a team of trusted financial professionals