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What would you do with an inheritance?

 
Anonymous

Asked by Anonymous at 10:16 AM on Jan. 20, 2010 in Money & Work

This question is closed.
Answers (8)
  • Treat it with the respect the relative would want me to.

    Any money from my folks will have to go to education for my children. My mom hasn't come out and said it, but I know that's what she and my dad would want. I will invest it and use the interest to fund educational things for my children and grand children. Set up an endowment of sorts.

    I know not to sell certain family heirlooms no matter the price.
    ecodani

    Answer by ecodani at 10:22 AM on Jan. 20, 2010

  • It depends on the size. Most likely, set up an irrevocable trust.

    rkoloms

    Answer by rkoloms at 10:17 AM on Jan. 20, 2010

  • I used the money from my grandfather to buy my first house. I was single and knew I was going to stay in my city for a while. I also bought in a place that would allow me to rent easily. I met my DH about a month after I closed sale and could practically see my grandfather smiling. He always said that he would buy me a house when I got married. The order just got reversed.
    balagan_imma

    Answer by balagan_imma at 10:26 AM on Jan. 20, 2010

  • Pay off our mortgage and hopefully have enough left over for my hubby to retire early.
    pomander

    Answer by pomander at 10:28 AM on Jan. 20, 2010

  • Buy a house and make sure my kids can get a good start on life by graduation college debt free.
    sillyt

    Answer by sillyt at 11:58 AM on Jan. 20, 2010

  • invest it
    missanc

    Answer by missanc at 12:30 PM on Jan. 20, 2010

  • Invest in business advertising!
    SabrinaMBowen

    Answer by SabrinaMBowen at 1:33 PM on Jan. 20, 2010

  • I would build up my business and put some aside for my kids and my future.
    pinkdragon36

    Answer by pinkdragon36 at 5:46 PM on Jan. 20, 2010

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