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Reply to "Best use for 1.6 million inheritance "
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[quote=Anonymous]I haven’t read all the responses but here is how we’ve done it: I inherited a lot of money. We were wealthy beforehand and now I am very wealthy. All my inherited money is separate but I use it for family things that I elect to use it for. Historically that has been: 100% of the kids’ activities, tutors, equipment, and other mainly kid- related things (summer pool, gifts for coaches and teachers, 100% of the kids’ spending money, car, car expenses, etc). We have multiple homes. 100% of the expenses for our primary residence (no mortgage) is paid for by me. I pay for all vacations. I also over pay my share of the taxes (related to my inherited property), and when the refunds come, we split it. So over the course of a year, I contribute quite a bit. But it’s all my choice and my separate money is just that: my separate money. [/quote]
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