Estate Planning Tips for Lottery Winners, Inheritance Recipients, and Windfall Beneficiaries

Coming into a large sum of money—whether from the lottery, a sudden inheritance, or another unexpected windfall—can feel like a dream come true. But after the initial excitement fades, a new question usually emerges

Now what?

Sudden wealth brings new opportunities—but it also brings challenges. Unlike slow, steady financial growth, windfalls often arrive with no roadmap, no preparation, and no plan. That’s where we come in.

At Roth Elder Law, we help people turn chaos into clarity—so they can protect their new wealth, avoid common pitfalls, and move forward with confidence.

Why You Need to Revisit—or Create—Your Estate Plan

Sudden wealth means your old plan (or lack of one) may no longer match your reality. Here’s why thoughtful estate planning matters more than ever:

• Your goals have changed—your plan should, too.
  A generic will or outdated trust may not reflect what you now want for your family or your future.
• Outdated beneficiaries = future disasters.
  Retirement accounts, life insurance, and old bank policies might list the wrong people—or create tax problems for the right ones.
• Unwanted attention can follow new money.
  Lawsuits, opportunistic creditors, or distant relatives may see a target. Planning ahead adds legal layers of protection.
• Giving feels good—but can create unintended harm.
  Whether helping family or donating to charity, the structure matters. Giving too much, too soon, or the wrong way can hurt more than help.

It’s Not Just Financial—It’s Emotional

Sudden wealth comes with feelings you may not expect: pressure from friends and family, fear of making a mistake, or even grief—especially if the money came from a loved one’s passing. It’s easy to feel paralyzed or pressured. That’s why slowing down and making a solid plan is one of the smartest moves you can make.

A Clear Path Forward

There’s no instruction manual for sudden wealth—but with the right legal and financial guidance, you can:

• Feel secure knowing you’re doing the right thing
• Minimize taxes and protect what you’ve received
• Support causes or people you care about—without regret
• Make sure your money serves you (not the other way around)

We’re here to help you take smart, thoughtful action—so you don’t have to figure it all out on your own.

Ready to Take the Next Step?

At Roth Elder Law, we’ve spent over 25 years guiding individuals and families through life’s biggest transitions. We’re not just here to draft documents—we’re here to bring clarity, confidence, and compassion to the planning process.

Call us at 607-962-6162 or visit RothElderLaw.com to schedule a consultation.