I would give each of the kids a chunk of money and tell them in a year I want to see what you have done to make this money work for you. Education funds would be set up for my grandchildren. We own our home and have no loans, I would buy a new car for us, but still keep my truck because I'm kind of attached to the old girl. The rest I would invest it somewhere and forget about it. Money can be a real big headache, one that I would rather not have to deal with.
Guess that's why I don't have millions! lol