Managing a Financial Windfall: What to Do When You Come Into a Large Sum of Money

A windfall is defined as “an unexpected gain, piece of good fortune, or the like.” When it comes to finances, a financial windfall is when you unexpectedly come into a lot of money.

This can happen in extreme circumstances, such as winning the lottery, or much more common circumstances, such as an inheritance, selling a business, or selling off stocks. In fact, a windfall is typically a lot less money than the windfall may make a recipient feel like they have, which is a dangerous situation to be in.