A little background. My mom, 42F, works for slightly above the minimum wage and lives in a small 2-bedroom house in upstate NY. She has no debts of any sort (never used a credit card in her life, always cash and debit cards, house, car and phone are paid off). She does have some $40k saved up in a bank account.
Recently her wealthy father passed away in CA and she is about to receive a large sum of money as part of her inheritance. This was rather unexpected to her as she has never accepted a cent from her father or any other family member throughout her adult life. She is mourning the loss of her father and isn't in the best mental state right now.
I (22M) am her only child and we enjoy a really close and loving relationship to this day. Mom is a simple woman who is perfectly comfortable with her current living arrangements and doesn't intend to splash the cash on a new house or a flashy luxury car or exotic vacations. She has no idea on what to do with this newfound wealth and is considering just donating it all to charity! As I am more informed on personal finance than her and she values my advice considerably I would love to be her adviser on this. If you were in my position, what would you advise? Thanks!
Submitted January 23, 2019 at 11:32AM by snuggly_cuddly http://bit.ly/2U9Pfvr
