2006-07-19 18:11:21 · 17 answers · asked by prettycoolchick38 4 in Business & Finance ➔ Other - Business & Finance
Lets see.....I'd give it all to you, and you can buy me whatever I want. Agreed?
2006-07-22 11:02:45 · answer #1 · answered by cajunrescuemedic 6 · 1⤊ 1⤋
I would set up a Family trust that allowed money to be deducted or distributed in equal annual increments to the members of my direct family, and from them on to the members of their direct families equally. I would ensure its growth and perpetual existence by keeping the funds in a fixed interest bearing account, and the total annual disbursements would be no more than 75% of the interest earned within that year. That way the money would continue to grow annually, the disbursements would increase, and the trust would remain around forever. The management of the trust would fall to the next relative following my death meeting pre-determiend criteria so as to select the most financially astute and responsible family figurehead, and I would impose some of my own values that I wanted to last in the family for generations to come.
2006-07-20 01:37:24 · answer #2 · answered by b_haber 2 · 0⤊ 0⤋
Good Question. I wouldn't spend it on myself anyway. First 10% goes to our church.
The rest would be put in a trust fund for my kids to receive so that they would not have to worry about getting started in life after college like we did.
Now if paying off the house (which is not just mine) is ok..I'd do that before the trust funds. Wouldn't be that much to take out.
2006-07-20 01:17:43 · answer #3 · answered by okiemom67 3 · 0⤊ 0⤋
I would start a school for kids of ages 3 to 18 or start an athletic center with basketball courts and such for poor neighborshoods with tutoring area on the side.
2006-07-20 01:15:46 · answer #4 · answered by Nikki W 3 · 0⤊ 0⤋
That's easy, first I would buy my grandparents and parents a house free and clear and get them out of debt, then set up a small, interest earning trust fund for the rest of their lives so that they would not ever have to work. Then, set up another small trust fund for my children. I would get my brothers out of debt and payoff my credit card (technically the money goes to the creditor here). I would set up a small trust fund for my brothers too. The rest of it I would give to different charitable organizations.
2006-07-20 01:25:13 · answer #5 · answered by braleygirl 3 · 0⤊ 0⤋
I'd buy a lot of cake and run around the world yelling:
"Let them eat Cake" !!!
JOKING
Assuming I won't be taxed for any of this philanthropy:
1. 1,000,000.00 Catholic Charities.
2. 1,000,000.00 Hire engineers to develop and produce Hybrid School Buses give them to my local community.
3. 1,000,000.00 to various Hospice Charities.
4. 7,000,000.00 for vaccines to be given to as many people in world as needed starting with third world countries, and then to the poor in developed countries.
2006-07-21 17:56:27 · answer #6 · answered by Giggly Giraffe 7 · 0⤊ 0⤋
I would buy a nice place for my Mom with 24/7 nurse care.
Send my kids to a good 'private school'.
Buy a friend of mine a new car/house
2006-07-20 01:16:13 · answer #7 · answered by shoprchik 2 · 0⤊ 0⤋
I would take great delite in sponsoring an international Christian aid program like TEAR fund or World Vision.
2006-07-20 01:18:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Just try to help poors, handicapped schools, Blind schools, aged peoples,and similar trusts..... U might been satisfied with those doings.
I think its the best way to share the money and the right way too.
good luck.
2006-07-20 01:20:57 · answer #9 · answered by surya 2 · 0⤊ 0⤋
Convert it to my country's currency (if they'd let me). Give 20% to the church, 20% to orphans, street children and the old people, 20% for the sick, 20% send deserving kids to school/college. and the remaining 20% for my family.
2006-07-20 01:24:02 · answer #10 · answered by Garnet Girl 2 · 0⤊ 0⤋
Give it to the Bill and Melinda Gates Foundation and let them worry about it.
2006-07-20 01:19:56 · answer #11 · answered by cjsynn 1 · 0⤊ 0⤋