Sudden Wealth Later in Life: How to Turn a Windfall into Lasting Security

The thought of receiving an unexpected fortune might feel thrilling, but it also brings its challenges. Sudden wealth—whether from an inheritance, a lottery win, the sale of a business, or another source—can dramatically change your financial landscape. With $84 trillion expected to transfer between generations by 2045, as part of the largest wealth transfer in history, it’s more likely than ever that you or someone you know could face this scenario.

Here’s how to navigate a sudden windfall wisely, avoid common pitfalls, and secure long-term financial stability.