If I inherited money....I would take care of my kids first. Right now... have one.. that has failed in business...he wants to kill himself... but.. I am the one... that extended the credit. it is a disaster. and I am at a loss.

It depends on the size of the windfall. Assuming I inherit only $1 million dollars, I would probably put 90% of it into stocks, and leave the rest as cash. A larger inheritance (say, 8 figures or higher) would go straight into municipal bonds, treasuries, cash equivalents, and inflation-protected securities. I would allocate perhaps a million dollars each to stocks, precious metals, and maybe REITs; but, in general, once you have $10 million dollars, capital preservation is the name of the game. Why chase performance after you've already crossed the finish line? As for actual direct-ownership real estate? You've gotta be kidding! Why would a decamillionaire want to deal with the hassle of tenants, property taxes, insurance and illiquidity? The only real estate I'd own would be the house or condo I'd live in. Any thoughts?

IF I INHERITED A LARGE AMOUNT OF MONEY, LIKE A MILLION DOLLARS OR MORE, I WOULD BUILD A CHURCH SO THAT THE MEMBERS I PASTOR WOULD NOT HAVE TO GIVE TOWARDS A BUILDING.

I would probably buy commerical properties and rental vacation homes which I would hire someone to manage.

If I ever inherit a large sum of money I would use some to pay off my bills but most importantly I would use the money for better means such as helping the unfortunate ones. I would like to open one of the largest shelters that Lafayette has to offer. Instead of just housing and feeding I would also like to educate the person or persons who haven't had the opportunity to get the education that he or she need to better prepare a future for themselves. It's better things to do with money than just blowing it on vacations, vehicles or other petty things, we have families over the world that need our help. I would also do a foundation that would help the families across the world that need help to get clothing and to get the proper healthcare that is needed.

I have two kids and a grandson.
I am there sole sorce of a home and any food or clothes.
There dad moved and wouldn't even give them the address.
He doesn't even call them on there birthday.
My daughter is afraid to take her babys dad to court for child support.
so I take care of every thing.
If I had even just enough to pay off my house and put some money asside to pay the taxes and insurance on the place then I would know my kids would always have a home.
I would also get health insurance on all of us.
And I wouldn't have to stress where our next meal was coming from.

This is a very interesting question to me right now. I am just weeks, if not days, away from receiving a considerable amount of cash, plus a residual income for a long time. (Sold an idea/invention). We are just average working people and have never had anything extravagent. Our plans are to get out of debt first, buy a modest home in the mountains, then invest in some real estate and/or a small business.
Blessed

If I suddenly found myself with a financial windfall (or an inheritance), I would, in this order: 1) pay the estimated taxes on it, if any 2) pay off my credit cards 3) max out my Roth IRA contribution for the year 4) contribute to my emergency savings until I had a balance of $20,000 in that account 5) invest the rest in taxable savings and investments, setting aside enough in savings to max out my Roth IRA in future years. I already max out my 403(b) and 457 plans, and contribute enough to my traditional IRA to keep my AGI under the maximum allowed to receive the full Retirement Savings Credit--it's only the Roth that doesn't get a full contribution at this time. Among the taxable investments in the final category I mentioned would be charitable gift annuities, starting as soon as I turn 50.

Everything in my list is subject to change, depending on what goals are reached when--I wouldn't have to pay off credit cards that are already paid off, for example. In other words, I'm working towards those goals (as needed) in that order anyways.

if i got a lot of monny i would buy me and all my kids a big home.then i would buy all the big motels that i could find.and i would let all the homeless live in them free.& if i could i would keep them food to eat. syvella

Dear Sacred Ones,
When I was a child, my Mom taught me than in any situation, the most tragyc too, one has to keep a positive vision and serve some Humor to keep the energy flow. My answer will be at two level.

-Respectful
-Renunciation to take the self seriously

There is a difference between inheriting from family members and from an unknown person.
In the case of an unknown or an acquaintance you never had the occasion to give them anything before. Their gift is a gift. It is important to know about them and understand what is behind their gesture,
It has to be fair for both the giver and recipient.

-A- An Illustration by analogy:
in the case of the brother who received the dog Trouble as a new family member in his house.
He can feel that his sister loved the dog and identified like a pharaonesse who trust in Anubis to protect her participation continuing on earth. There is the love, protection and respect for the little one and as well what She, Trouble, represents in the life and after life of the one who left the clothes of flesh behind.

If I was the Brother who unfortunately lost his sister:

-1- i would ensure, GOD WILLING, that :"TROUBLE" would be:
-Healthy
-Safe
-Feels loved and
-Understood.
-Treated with respect as Trouble is THE CONTINUED SYMBOL OF THE PRESENCE OF THE SISTER.

Naturally, anybody right in their mind would love very much such a nice little dog and respect her strong quite human personality.

-2- Then would come the monetary aspect:

B- In any situation where one would receive an inheritance from someone they do not know or barely know or who is not from their closest family

-They are 2 aspects in the financial approach:

Personal and Transpersonal

-a- Personal approach for Family members and self:
That would stay Private because I strongly Believe that, in case of good people, what is Private stays private.

-In my case, I only have my Mom and Child as family members...

-b- Transpersonal Approach

I would continue to Fight for Human Rights and Continue to try to implant changes for Humanity well being.
In this, i spent 20 years of my life-All my adult life with no pay and spend the Family Patrimony. I was too young to be wise.

I dream and did act on some of them:
-Create an International Court for Restoration for World Citizen who have been wronged by systems, example people put in concentration camps, etc.
-create a colony for People having a High level of Awareness and create an example how it could be for all
-Create a place of refuge for endangered children, women, sincere activists etc.
-Children could access to a new approach of Healing more traditional than the last new century, this would include walking in nature, animals healers like horses, dogs, dolphins, birds to put them back in touch with Nature and with the side of Goodness and innocence.
-Create a system of refuge for the coming natural disasters.
-As well to find solutions.
-In those context create a World festival of talents in Communication, Art, nature, Sports, Sciences
-Create a world new Awareness about Ethics and How in each Being a sacred light is dormant or waiting to be awaken.....

All that could seem crazy, yet, I have some education and experience which would enable to try to create a cooperate efforts with the public to accomplish those means. I AM SURE that Humanity can accomplish the Best. All is possible.

I am postgraduate in Law. General study Degree in political Sciences and International Relations. Several Certifications in different Alternative Natural Healing techniques. I did perform with Music Director of Scala di Milan being myself a soloist. I wrote, host, produce with little means appreciated Television Show.
My show was the first to address the need to give good care to the pets in case of New Orleans, people loving them as members of their Family and some people could be endangered because they would prefer to stay behind with their pets, which probably my mother and myself we would have done. My Television show was the first to propose to give free survival kits with no differentiation of age, money, etc.


Someone who has money and consequently the right access can emulate crowds, Populations, Nations to do Good and value Love, Respect, Harmony and consequently, inner and outer Peace and Human Dignity and possibilities for All.

I answer to the question, because, yesterday night, I was at my neighbors having coffee. They read my coffee and twice the face of the dog appeared.
-First time from face.

They told me it is a kind of Maltese, bichon, etc.

-The husband Fred told me, now that you are broke helping everybody you are going to meet a man who is very rich and has a dog who looks young but is not and the man is not young.
I answered to Fred I would rather die to marry a man i do not love.

His wife Sonia told him That i was right.

So I did put my finger in the coffee again and now, the dog appeared a second time but in profile.
Fred told :"you see I am right!"

I was horrified and i knew it was not possible that i would fall so down that i would marry a man i do not like or being attracted to.
I could not sleep and did a walk looking at the moon and stars, remembering when i was in the same school than the Children of the Prince of Monaco and how spending properties and 18 hours of work for free for 20 years, i would be repaid by God in such a horrible manner.

-When i opened the Internet, I saw the dog in the picture
-1- Face
-2- Profile
!!!
I was so released to read that all the male of this family are married!

Fortunately, because, usually, my neighbors never mistakes, she believed such a dog and my destiny were linked and it was only the husband who was reading marriage with a rich man.

The truth nobody should believe in coffee reading-Yet, there has to be something about this dog.

Perhaps, just people to connect who would want to share the dreams mentioned above.
Love.

Depending on the amount....if large, say a million after taxes, I would take care of my family and all of my relatives' bills. Retire. Invest. Help some people with real financial needs, regardless how small or large. All not necessarily in that order.

I WOULD PAY MY BILLS, LEAVE A SMALL TRUST TO EACH OF MY TWO CHILDREN AND GRANDCHILDREN. THE REST I WOULD GIVE AWAY ACCORDING TO GOD'S INSPIRATIONAL DICTATES.