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Sorry for your loss....
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Posted by MI-Roger [Email] (#882) [Profile/Gallery] (more from MI-Roger) on Wed, 15 Nov 2006 08:59:06 Share Post by Email
In Reply to: Windfall, NickR, Wed, 15 Nov 2006 05:16:01
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I lost my parents in '91 and '94, and I don't think a person ever truly gets over their parent's absence - especially at certain times each year.

Regarding the inheritence, I recommend following three of the five steps Money Magazine published years ago relative to lottery winnings. The applicable steps are: 1) place the money in a short-term guaranteed investment such as 6-month treasury bills; 2) interview every financial planner/tax advisor/accountant you can locate during those six months to find one you feel comfortable with; and finally, 3) turn the money over to the professional at maturity of the bills for them to manage with & for you.

Best of luck to you and your family.

Just for information - the other two steps (#1 and #3 in Money's sequence) when suddenly dealing with millions of dollars were: treat yourself to something small you have always wanted (a new Saab?); and disappear for a few weeks on a long trip to let things calm down and escape from the publicity.

posted by 198.208.15... 
_______________________________________
Saabs owned:
2008 9-5 Aero Sedan, sold at 227K miles
2006 9-3SC 2.0T - Wife's daily driver
2000 Viggen Convertible - Sold May, 2022
1964 Quantum IV Formula Car - Retirement project
2000 9-5lpt Sedan, sold at 318K miles
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