<prompt> Human: Hello there, want to start of and say that Ive read through the subbreddit sidebar faq, wiki, etc. and plan to get the books in the windfalls section ASAP.Two days ago my father took me to look at the family finances and discuss the future of the family and financial management of the family going forwards. For the past 8-10 years my father has been making 400k per year working in China. He and my mother lived in NYC for almost two decades before this and have a strong attachment to the city and planned to retire there. However it seems that divorce will be likely and I will probably be the main person responsible for finances for my mother 50 and sister 15. My mother was a very successful business woman in her time but spent money to match her income leaving no investments or assets to speak of. For the past 8 years that shes been basically a housewife she spent almost 200k per year with abandon. Her inability to manage any amounts of money leaves things to me and my father.My father will be closing down his business and selling assets netting around 3million cash over the course of a year and a half. He plans on taking a modest income, job low stress job as an academic. This 3 million will need to be transferred across the Pacific through the complex legal process.The plan is to set aside 800k-1000k to search for a one bedroom in NYC for my mother in NYC, the remaining money would be for both my mothers next 30 years as well as my sisters private high school and both our higher education costs.I will be working with my father on this challenge but its obviously still a daunting one. This post is my first knee-jerk reaction and all this news is really shocking and Ive been stressed out thinking about this. Im posting here to get started on this and Ill probably follow up in a few months. Some of my thoughts:Hire a professional money managercounselor that would control allowance and dailyweeklymonthly spending of my mother.Invest in something like an index fund and withdraw a yearly allowance for my mother as well as tuition for education.Meet with FA, accountant, and lawyer  <response>: The plan is to buy a one bedroom in NYC for 800-1000k for my mother in NYCWhos going to pay the 3k common charges on the place every month? 