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[quote=Anonymous][quote=Anonymous]If it were me I'd put the principal into an interest bearing acct. right away, one can be very conservative with that amount, so say a 5% interest acct. Then I'd fund DD's education (private HS, college, grad school, private counselors and tutoring) with the interest earned while preserving the principal.  DD can then later utilize that account for her own family and keep the cycle going.  $5M if not touched for a year at 5% will throw off $250K interest.  Of course OP would use some for private HS but there is still more than enough to do this.

$5,000,000 @5% in Yr 0
 $5,250,000 	Yr 1
 $5,512,500 	Yr2
 $5,788,125 	
 $6,077,531 	
 $6,381,408 	
 $6,700,478 	
 $7,035,502 	
 $7,387,277 	
 $7,756,641 	
 $8,144,473

[/quote]

This!  Consult a lawyer about setting up a trust.  Put the money to work so it will grow.  If done properly, the funds can pay for your daughters education, her kids' education, and so on.  Grandfather would surely approve of educating his future generations. [/quote]

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