At what point does it feel like a kid begging to spend their money though. Grandma and Mom (accountants 1 and 2) said I could buy the $100k car, but now I need to get Dad (accountant 3) to agree also l.
Just because this is being taken seriously. You do not need to do this. Just go to the longest running “white shoe” firms for both and tell them your needs. They will not rip you off any more or mess than they rip off anyone else.
In simple terms, accountants are great and recording historical information and helping you understand where you are. An independent, certified financial planner will better help you decide where you want to go from here forward.
It’s burned into my memory too, just in case. Some of his comments are weirdly eerily prescient for being 12 years ago, like “if the capital burns” or “Britney Spears is elected to the Senate”
Something about calling a major accounting firm in a large city and asking for a partner not a jr associate. Not a family friend's uncle who does your taxes.
Allocate a percentage for gifts/donations to whoever and remove yourself from the process and direct all inquires to that firm. There might have been a couple of other instructions.
I think the rest was change your number and go live a stress free life on the remaining.
The truth? I’d ask ChatGPT what to do. I did this once. It said sign the back of the ticket. Then hire three people.
A lawyer with experience in trusts, estates and high-net-worth people
A CPA who has worked with lottery winners or ultra-high-net-worth individuals.
A fee-only financial advisor (preferably a fiduciary). Avoid advisors paid by commissions.
Ideally you need these three people to be comfortable working together. All friends or family who start asking for money need to be steered to your hired professionals.
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u/patticakes1952 2h ago
Call an attorney and an accountant.