Reply to 25 y/o $4M Net Worth-should I go to law school?

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[quote=Anonymous][quote=NickScarfo][quote=Anonymous][quote=NickScarfo][quote=Anonymous]You don’t want to practice law, it seems.

Regardless of your nest egg, I would advise working for a few years anyway, since you are not feeling driven to go to law school.

You can always go to law school when you are older, especially since you won’t have to take out debt.

I inherited seven million dollars recently and am a lawyer. If I knew that was going to be my situation, I probably would have tried to get a job in finance, private wealth management etc after college, gone to law school and taken lots of trust and estate classes, and then gone into estate law.

But I’m a nerd who likes law.

Lots of great jobs out there that don’t require a law degree.[/quote]

Why do you feel you would need an education in wealth mgmt/T&E to handle a windfall? I had a great lawyer, CPA, and now, an RIA, handle estate matters.
My question only related to law school from a financial POV.[/quote]

PP did not say that at all.  You would not be a very good lawyer.[/quote]

Ouch! He seemed to imply the knowledge would be useful, but it seems like overkill to me. I don't think I misread the post.[/quote]

DP but yes, you did misread the post.  PPP said they would chase that knowledge and then turn it into a career because they would be academically interested in their position and would nerd out about it, and have a passion for the law.

You have none of that.  You have a secure financial foundation and a desire to extract the best ROI.  Law school is not it because the money doesn't justify the time unless you're *also* passionate about what you're doing.  You want to do "BigLaw" which is not even an area of law, it's a type of employer.  Without passion, BigLaw is a slog.  Most people grind it out because they have loans to pay down, are saving for a downpayment, ring, nest egg to start a family - all the things you already have.  So it would be a slog in an unknown area of law to reach a financial breakeven point about 7 years from now . . . why?[/quote]

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