A very simple option would be to put it into a CD ladder... Basically, it's a series of varying-term CD's, like at 1-, 2-, 3-, 4-, and 5-year terms. As each one matures, just roll it over into a new 5-yr CD. You could set them up such that you recieve monthly dispursments of the interest they gain, which would effectively provide you a steady income. At a modest 4% APY, you would get about $3300/mo in interest.
That's just the simplest, and perhaps the safest option... There are many other ways to handle a large inheritance, so definitely do your research. One last thing... If/when you go to see a financial advisor, use one who works for an hourly fee--meaning he does not receive a commission based on what you do with your money. FA's like that frequently try to sell you on investments/savings vehicles that are not necessarily in your best interest (and are very much in his own best interest). You need to get unbiased advice.
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"Praestantia per minutus" ... "Acta non verba"
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