My oldest daughter's fiance's mom passed away in late January. Apparently. she was very well-to-do but suffered from early dementia and somehow her sisters managed to get power of attorney over her & her finances while she was still alive. The fiance' *should* be getting a decent amount of money (she is certain her dad had a trust for her that had $250k in it, as well as the division of the mom's assets, with the mom's other two daughters). Slight backstory: fiance' went through a bout of severe drug use, and her aunts HATE her (I've been present for some of their conversations and I actually got in the one aunt's face and had to shout her down). Her aunts are raging alcoholics, so it's just ironic to me that they hold so much disdain for their niece, but whatever. Fiance' is certain she's going to get screwed; aunt is executor of the will/trust/whatever. In the meanwhile, though, she received a letter from the Pennsylvania Board of Education stating that her share of her mom's retirement is $67k. Aunts can't touch it or keep it from her, so that's good. Question is, how should she take the money? She has 3 options: 1) All of it in one payment, 2) Monthly payments of her choosing, or 3) put it directly into an IRA of her own. I doubt she'll go with 3), because they are broke as a joke and could REALLY use the money, even if it's just to procure a car. Does anyone know the tax ramifications of a straight up payout? The notice said it would be subject to an immediate 20% in taxes, but what about when she files next year? Any thoughts or advice/suggestions would be extremely appreciated as they can't afford a financial adviser. Aunts have been telling her it could easily be 6 months before she sees any of the rest of her inheritance, if she gets anything at all (yes, I know it's illegal but they can't afford an attorney. We'll cross that bridge when/if we come to it). TIA!