225mm x 39.6% federal + 0% state income taxes (they do tax taxable dividend income though...but not tax free munis).
That means her after tax lump sum for 2018 will be: ~$120,000,000.00
I'd give 12mm to local churches
Then I would get out of ALL of my personal debt (mortgage/car/etc).
Then invest the 108mm :
25% equities US blue chip equities that China and Soros cant muck with (T, HD, AAPL, D, CVX, XOM, JNJ, BP, BAC, maybe BP and such.
50% tax free bonds (yes even in today's rising rate environment) AA or better, with MAC/AGMC/NATRE/BAM insurance. Lots of TX PSF bonds
5% gold/silver/bullets/toilet paper/long term food/guns
10% in US Treasuries
5% foreign bonds
5% foreign equities.
I figure the mean coupon would be 5-6% which would get you approx. $5-6,000,000.00 year in income.
Only then would I gift the max IRS gift exclusion every year to friends and family (15m individual, 30m married)
That gifting could be used up to 5,500,000 lifetime gift maximum (tax free) to pay off ONLY families debt....then I would gift to my nieces and nephews and trade in my own account 3 hours a day....the rest at the golf club or shooting range drinking Laphroaig Scotch.
By the way, the 14m a day comes from the anticipated 5% yield on 5mm a year income from bonds. Just sayin.