Will colleges take my EFC of 50,000 lightly?

You can ask for professional judgement from the financial aid officer at the schools to consider that as one time exceptional circumstances income. Explain the reasons and back it up with prior year tax transcripts

However, unless your EFC is under ~ $6k level, you aren’t eligible for the PELL grant, and unless your state has FAFSA based college grants and loans, all you may get is some subsidy of student loans and eligibility for work study. Few school will meet full need based on FAFSA EFC.

I would still submit Special Circumstances to the financial aid offices to have an early bid in for school money.