<prompt> Human: At 29, Ive just learned that Im one of the recipients of several dissolving trusts - my portion is worth about 5 million. Similar portions are divided among several other family members - all roughly the same age. Ive been trying to decide how to appropriately manage this money. I have passable money management skills and Ive received a good amount of advice on next steps, but Id love to hear something from someone that doesnt represent an institution and isnt family.NB: Ive read the windfall flair - its incredibly helpful and Im going to buy one of the recommended books. I think this circumstance is an interesting one that could add to existing discussions because its not a straight how do I retire question and 5 million is easily an amount that could grow 10-fold over my lifetime, or disappear if Im not careful. 5 Million is also somewhat manageable for an individual vs a wealth management team. Current info EDITED Assets: 50k with 15kyear adds 401k Income: 40kyear - will maintain career until retirement Debt: 0 Engaged No ChildrenTrust info Value: 5 million Unrealized Gains: 500k Portfolio: divided between dividend and non-dividend stocks, alternative assets, oil gas, and cashPlans Immediate: investment income: 50-70kyear 5 years: Purchase House with mortgage: 1 million 5-7 years: Start business: 750k Brewery with my brother - both Master Brewers 20-25 years: Pay for College: 40-250k 40 years: Retirement income: 130kyear 60 years: Leave inheritance similar to one I receivedIm going to be a long-term investor 40-60 years making a lump sum investment and Id want to keep a small portion of that liquid in order to give myself disposable income. Obviously wealth managers could help me secure a favorable mortgage rate - for both business and house, give me better rates for my liquid assets, and help me navigate any legal or tax issues that Id run into. However, I assume theyll have 1 fees - higher than Id experience without those services. Since Im investing for the long run, that 1 would really add up. The upshot - if I chose to take the assets in cash in order to move them to other brokerages, Id probably lose about 100k off the bat. One last aside - this amount is 111th of a larger trust - the rest of the money is held by my extended family. Were considering pooling our resources in order to qualify for more sophisticated fundsoptions. No idea if this is a real thing...Considering these options, Id love some advice! Would it be best for me to stick with wealth management for the convenience, or move to something like Betterment for the lower rates?In any scenario, are my plans realistic? Thanks for your help!TLDR: Ive inherited a good chunk of change. I want to make it last longer than my lifetime, but I also plan on using some of it. Would like advice on how to manage it.  <response>: One thing I havent seen on here yet is protecting the assets in case something happens to YOU.5mm is over the probate minimum, so you will want to speak to an estate attorney and create a trust for yourself. This will protect the assets in case something happens to you. However unlikely, if you were to die tomorrow, the 5mm will be locked up in probate hell. As far as investing, I would create an investment policy statement and a long term budget. I would split my assets so 90 of it is core long term investing that I wouldnt touch. This is going to be invested in an asset allocation model that fits your goalsrisk tolerance. The other 10, I would use to do a combination of a. dabble in my own investing buying stocks Im interested in b. invest in myself or c. purchase toys.As you figure out your budget, company expenses, etc., then set up your investments if you need it to supplement your incomebusiness expenditures.Lastly, I would start setting up tax advantageous accounts especially if you start your own business, and start maximizing what money you can funnel into those accounts. 