Reply to Did you inherit a large amount of money (>$2 million) mid-career?

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[quote=Anonymous]I inherited about 1.3 million almost three years ago from an aunt.  My mother had one younger sister who never had any children.  My aunt had an irrevocable trust that went to her sister (my mom) with the ultimate beneficiary being me and my brother.  My mom passed three months before her sister, so my brother and I inherited everything.  My mother also has a smaller trust (worth about 500K today) that will eventually be split between my brother and myself when her husband passes.

We haven't done anything radical.  I am 54 and we have 3 teenagers.  I was a SAHM for several years and have worked very part time once my youngest started school.  We were basically living pay check to pay check prior to the inheritance.  We did splurge and took our first really nice vacation a year after we inherited the money.  We have the money invested and do use the dividends to help make life a little easier.  But we haven't touched the principle.  I hired a cleaning service to come twice a week.  We did a couple of wish list items on the house.   The stress of not worrying about bills has been great.  We now know that if my husband loses his job, or we have some major medical expenses, we aren't in a financial crisis.

I'm still very emotionally tied to the money (it was extremely painful losing both my mom and her sister so close together) that I can't do anything to risk losing the money.[/quote]

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