Last month, many found themselves entertaining fantastical “what-if” scenarios should they beat the odds and pick the winning Powerball numbers. Despite the low likelihood of suddenly becoming a billionaire, many will spend more time considering such an outcome than they will thinking about the more realistic scenarios that can result in receiving a windfall. Benjamin Connard, CFA, Principal of Carnegie, discussed this very thing with Fox5. 

Whether from an inheritance, the sale of a business or property, a divorce settlement, or insurance proceeds, a sudden influx of wealth can be life changing. While the opportunities are substantial, so are the complexities. Many individuals find themselves unsure of where to begin, what questions to ask, or how to make thoughtful decisions during what is often an emotionally charged time.