One thing you should do, no matter the size of the inheritance, is never stop working. Having a career or business is not solely about accumulating wealth, but personal growth.
Secondly, put that inheritance into an investment vehicle, whether a limited liability company or a trust. This greatly mitigates your tax liability. It allows you to manage your inheritance, and track investments, and growth.
Finally, diversify your investments, and focus on an extended investment horizon. You should get yourself a good financial advisor to advise you. If the investment is substantial enough, the bank will assign an investment manager as well.
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