Originally Posted by Iowanian
I don't know Zach.
I'm basically 40. 3 of my friends from school have died.
Someone could live like a Quaker and get into an accident or slip in the shower or wake up with cancer. I had a friend from college whose family won 2 separate lotteries. He's dead too.
I'm confident that brideowanian and I wouldn't be irresponsible with that payout. I would set up a trust to make sure things were taken care either way. I'm charitable by nature and the only way to handle that is to set up endowments, trusts and boards to handle it so you always have an easy answer to direct requests to...and man would them come in.
I feel like one thing I would do is direct all money requests for a certain person to filter and handle. It would be overwhelming the amount of people that would hit you up...for themselves and for causes...obviously you want to help people but it would be never ending.
That part would be tough. Almost make a clearing house for my charity other than obvious instances where I initiate the giving.