What to Do in Case of Windfall: Strategies for Your New Money

Becoming the beneficiary to an unexpected sum of money can be gratifying and daunting at the same time. Depending on the amount you receive, a windfall can help equip you to fulfill many short or long-term goals that would have otherwise been beyond your financial means. However, planning and managing the effective use of your money to achieve those objectives can be confusing especially to those who have little prior experience with money management.

Whether it’s an inheritance, a legal settlement, a generous gift or the result of winnings, we’ve compiled a handy breakdown so you can make sure you

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