As you move on with your own life, be sure to discuss your new financial reality with your family. Talk about how your lifestyle may change. Go over your saving and spending needs. And together, assess your current situation and your goals as you look ahead.

Here are more important things you can do to move forward with your financial life:

• Set short- and long-term goals
• Develop and stick with a budget
• Build a financial safety net
• Review and update health, disability and life insurance
• Plan for retirement
• Reevaluate and rebalance your investment portfolio
• Review or create your estate plan

If you've inherited a large sum of money, this unexpected gain can mean even greater stress. Be cautious and careful about how you invest it. Keep the following points in mind:

• Pay your taxes first.
• Look at this new money in light of your overall financial picture.
• Take your time in making investment decisions.
• Get professional advice from a trusted advisor.
• Be on your guard against people who might want to take advantage of you.