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Benefits
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What would you do if you find out you have just inherited a substantially large amount of estate?
I would pay off my parents, parents in law and aunt & uncle mortgages, buy houses for each of my kids, take a holiday with my husband, and with the money left promote Fabulously40.com
i would pay off ALL my parents bills, buy them a home, buy myself and my children each a home, pay off my bills, give some to my Church, and give some to Domestic Violence shelters
establish a trust that pays out the interest once a year to myself and siblings.
I would pay off all the outstanding debts except my mortgage
Then I will hire a group of professionals, like atty, CPA, money manager, investment and business type, have them group together and set up a strategy of how to put it in a trust as well as a foundation, keep the hen and use the eggs.
pay off mortgage(which is French for ‘death grip‘)
put money in savings for kids’ college and futures
share with family and friends,church,charities
take my Mom back to Hawaii for vacation
I guess that would have to be a Major windfall for all that.lol.
I really do not think that I would do anything differently. I was laid off from my job back in March and I took everything that I have in the world but it into my Jeep and just started driving. I have put more miles on my car in the last 6 months than I have in 3 years. I relocated from the East Coast to the West Coast. I do not have a regret in the world. I am just loving life. I am coming close to finding a job so if I did have a ton of money I would stop looking for a job.