[Broken Arrow]

Originally Posted by wincrasher

All great advice.

Avoiding a big tax hit initially will be the biggest challenge.
Be wary of financial advisers that profit on your investments or earn commissions.
Build a diversified portfolio of investments.
Don't chase gains that have excessive risk. Don't try to time markets.

It probably took whoever is leaving this money to you a lifetime of hard work to accumulate. Show your respect for that by not squandering it and being very cautious about how you invest it.

Good list, Windcrasher!