What is the form of the asset? I assume you did not get $750k in cash, but likely it is in stocks, bonds, real estate, or ...? First and foremost, if your goal

What is the form of the asset? I assume you did not get $750k in cash, but likely it is in stocks, bonds, real estate, or ...? First and foremost, if your goal? Is it to increase your wealth, to live large for short but fun time, etc? Your situation and goals will impact what you can/should do.