There are few moments in life where a person receives a million dollar lump sum of money. Here are but a few which come to mind.
A good investment.
Winning the lottery.
A very wealthy family member who left you a sizable inheritance.
Cashing in stock options which have appreciated over the years.
Sale of a real estate asset.
A successful personal injury claim.
In all of these scenarios, except for ONE; the money is yours to use as you please; notwithstanding applicable taxes.
The lone exception are the personal injury cases. There is fine print behind those million and multi million dollar settlements which we would like to share with you today.