What to Do If You Come Into Money Unexpectedly

A lottery win. An inheritance. A business payout. Even a generous gift. However it happens, coming into a large sum of money out of the blue can stir up a whole mix of emotions – excitement, disbelief, and maybe even a little worry.

It’s the kind of moment that can change your life – but what happens next depends on the choices you make.

At Chesterton House, we’ve helped many people navigate this very situation. And while no two stories are the same, we know a calm, thoughtful approach can make a big difference.

If you’ve recently had a financial windfall, here are a few things to consider.

1. Don’t Rush Into Anything

When something like this happens, the temptation to act quickly is strong – buying a dream home, treating your loved ones, or planning that once-in-a-lifetime trip. All of that might still happen. But for now, the best first step is simple: pause.

Give yourself time to let it sink in. You don’t have to decide everything today. Slowing down now can help you make better decisions that you’ll feel good about in the long run.

2. Get the Full Picture

It’s important to understand what this money really means for you. That might include:

• The exact amount you’ll end up with after tax or fees
• Whether it’s a one-off payment or regular income
• Any debts or commitments you might want to clear

This is where a conversation with a Financial Planner can be really helpful. We can help you understand what you have, where it fits in with the rest of your finances, and what it makes possible.

3. Protect What You’ve Got

Sudden wealth can draw attention, sometimes welcome, sometimes not. You may find people offering advice, asking for help, or pitching ideas. Some will be well-intentioned. Others, less so.

A few simple steps can help you stay in control:

• Move the money to a secure, interest-bearing account while you figure things out
• Review your Will and Power of Attorney
• Be cautious about who you talk to and what you commit to early on

Above all, don’t feel pressured. It’s your money and your choice.

4. Think About What Really Matters to You

A windfall is more than just extra money – it’s a chance to shape the future you want. That might mean:

• Paying off your mortgage
• Helping your children or grandchildren
• Investing for your long-term lifestyle
• Supporting causes that mean something to you

Whatever your priorities, having a plan that reflects your values can help you make the most of what you’ve been given.

5. Talk to Someone You Trust

You don’t need to go it alone. A good Financial Planner won’t try to sell you anything or rush you into decisions. Instead, they’ll help you explore your options, weigh things up, and build a plan that works for you, at your pace.

One Last Thought

There’s no rulebook for what to do when money lands in your lap. But with the right support, you can use it to build not just wealth, but peace of mind, security, and the freedom to enjoy life on your terms.

If you’re in this position and you’d like to chat through your next steps, we’re here. No pressure. Just a conversation about what’s possible.