As someone who was lucky enough to be in similar situation three times ($30k, $80k, $200k, at each time - a lot of money for me) 1. There are a few books on th

As someone who was lucky enough to be in similar situation three times ($30k, $80k, $200k, at each time - a lot of money for me) 1. There are a few books on the subject on Amazon - written especially for inheritors and by people who professionally help them manage their wealth - go and check them out. 2. Whatever you decide to do with money, keep a journal. I've got a google spreadsheet open, and once in a while I note down all my assets plus all the decisions I make in regards to them. This has two benefits - one is that it removes a bit of emotion from the decision-making process when you have to write it down. It forces you to use logical arguments. Second benefit is that you'll be able to get back to your decisions from a couple years back, and either see whether they still hold true, or see why you made a mistake you did. For example, I bought Nokia shares a year ago. I noted down the reasons for that (WP7 and Lumia being undervalued), and now I see the reasons no longer hold true (Nokia no longer has Lumia)- I'll need to find new reasons to keep my shares, or sell those shares.