Any inheritance horror stories out there?
Just the Kennedys
Not an inheritance and not a horror story, but maybe helpful...
We came into some money--not in the million dollar range-- but a nice sum. Before the money, I spent a lot of time plotting and planning about how we could pay off our debt, if we made X and paid Y, if we cut here, we could pay more there...that sort of thing.
After the money, I spent the same amount of time, if not more, worrying about the money. Are we invested wisely, are we managing it wisely, what if it disappears, what if it grows to an enormous amount, how will we teach/protect our son, on and on and on.
Finally, we took a portion of it and paid off the house. Nice boost to our lifestyle and some of the money was "preserved" in a concrete benefit. That's when I stopped thinking about it. Best decision we ever made!
We get a monthly statement from the people whose job it is to grow it. I look at it and then I go to work.