<prompt> Human: We will have some sort of financial advisor, but I dont even know the basics of dealing with this much money. The short version is that the estate was in probate due to some family disputes. We expect them to be settled shortly and will get about 5 million dollars, almost entirely in property. Because of how long the estate was in probate most of these properties have fallen into relative but not insurmountable disrepair.Our current thoughts we have not talked to a financial advisor about this, so feel free to shoot this down if this is a stupid idea is once all this is done wed more or less liquidate all of the properties because we have no interest in dealing with the headaches of renting them out. The house we live in is part of what wed inherit, and we want to sell it and move into a nicer house closer to where I work and in a better school district 250K over the one we live in now. What I dont understand is whether its better to buy a house cash 250K out of the roughly 4.5m estate excluding our house seems like it would be pointless to finance or to mortgage it anyway and pay it off with a combination of my salary and gains from the invested cash. If we only financed the difference between this house and the new one I think we could support it on my salary alone, but my wife thinks it may be better to finance 80 of it and pay it out of investment gains, using my mostly unoccupied salary as our personal savings for things like vacations and whatnot. I dont like this plan because I feel like it exposes us unnecessarily to a catastophic market failure, but just dropping nearly 1m on a house seems somehow wrong to me. I grew up with very little money and my post-graduation life has mostly been spent paying down my student loans and making sure I was contributing to my kids college plans. Neither one of us ever thought wed ever see any of this money.The goal is basically to leave it untouched outside of buying the new house. My salary is considerably high 140K annually and I have no intention of not working - Im 28 and I imagine my salary will continue growing and eventually contribute to our wealth to the point where our kids would be able to get the same opportunity weve been given instead of us pissing it away. Ideally I would like to retire once the kids are out of college so when Im in my early 50s.My wife and I are having trouble comprehending the utter scale of this money and are worried well make some poor decisions or get misled. We already have almost everything we want already and want to focus on growing the wealth were receiving so our kids and grandkids will be able to enjoy it as well.  <response>: You are going to inherit 5 million dollars. You can afford a couple hundred dollars for much better advice from a professional. The best advice youll get here? 20 is 20. Dont sell fast and cheap. Make sure you take the time to get what the properties are worth. Dont rush things. end of post. 