My plan is quite simple. First, I cash-in and get $10K up front, and place the balance in escrow in order to set up trust funds and consult with a trusted tax lawyer/financial planner. I will tithe 10% to the church, and basically follow my consultant's advice on the best way to minimize my tax liability. Definitely plan to max out a Roth 401k each year for my son, as well as support a few Vet's organizations, and render assistance to a alcohol and drug rehab program that does a great job in the community. I will also be enabled to acquire some additional real estate (which is what I do now). Maybe, just maybe get another houseboat? (Lost the other in a divorce.) I regard myself as being quite lucky to have a very supportive family, devoid of naysayers.
But I don't intend to do any of this without some professional guidance. I want to make my good fortune stretch as far as possible to the organizations that are meaningful to me - and at the same time pay as little tax as I legally can, and deprive the government of the opportunity to obtain even one additional cent to waste.