the majority of my money would be locked up in different investments so that passive streams could benefit both my wife and our families with little chance of us accessing them to use them foolishly.
I think I would do the same, take the lumpsum, but invest it into a range of things now, generating multiple income streams that can be used by others too.
The other thing is after taxes it's only 700 million
Funny to put in the "only" :D
WE fail with big numbers, which is why we calla bank robber a criminal, but don't bat an eyelid when a robber steals the national economy.
Yeah, I have really started to understand number dismorphia or whatever you want to call it since I got into crypto.
I am guessing some kind of legal trust would be the way to go with the lump sum. I mean really you can buy most anything reasonable off the top, so what would your monthly living costs really need to be? I'm thinking $5000 per month would be plenty where I live. Actually way more than enough. That only requires like 1m of the 700-800m assuming 10% interest.
My hope is I could stay that humble anyway.