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Old 03-07-2011, 07:42 PM   #5
thePhoenix thePhoenix is offline
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Aug 2009
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Quote:
Originally Posted by O_V_N View Post
I love to daydream about it. Let's say I get $60 million. Right off the bat, half goes to savings or investments. Then (get ready for nerdy answer time) I would set up significant inter vivos trusts for my children. Then I'd pay off our house that we're ridiculously underwater on (yah Florida real estate in 2006!)

I'd give some to my parents, some to my wife's, some to my brother, some to my sister/brother-in-law, and set up some trusts for my 2 nieces and 1 nephew. I'd like to donate some to my colleges, too.

After that, it's time to get the beach house in the Caribbean, the house in Montana, and the pad in NYC. (My wife thinks the pad in NYC is dumb but having lived there once, I'd love to do it again whenever I want).

All I want to do is travel with my family anyway, so we'd do that. We can rent out the 3 above-mentioned places while we travel.

Wouldn't it be nice?
Why Montana? There's nothing there.
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