What advice would you give a handicap person who is about to receive $200,000?

I need help giving a friend some advice about what to do with her money. What type of investmets should she make, knowing that this would be her only source of income for her whole life due to an accident that left her handicap. The woman has two sons, one in college the other stilll in middle school, she can't work, and needs to be smart about using this money.Please be specificWhat advice would you give a handicap person who is about to receive $200,000?
One of the best things she can do is invest in a paid off home to live in. I'm guessing she gets some kind of monthly disability or social security check each month as well? She can probably purchase a decent home or condo for under $100k (a cash offer will get her a better buy) or pay off her current home. That will eliminate rent or mortgage payments each month. Put about $75k in an IRA or other retirement account with the remaining $25k in a savings account.





She should try to budget herself monthly - food, medicine, insurance, and property taxes. Work this out in advance. It's a lot cheaper to live without worrying about rent.





Also, if she gets in a scrape down the line, her property probably would have appreciated in value and she can sell it as a last resort. (Be sure to keep up maintenance, however!)What advice would you give a handicap person who is about to receive $200,000?
Invest in fixed deposit,mutual fund, monthly income scheme.


However you can consult a financial expert at websites like


http://oktutorial.com/debtadvice.htm to get more professionals advices.