Handling Life Insurance Proceeds

We all will die someday.  Once we are gone we are nothing more than the assets we leave behind and relationships we have developed. Best of all our worries are over.


That of course cannot be said for those we leave behind. In addition to planning the funeral, dealing with the final tax returns, and probating the estate there is the issue of how to deal with the life insurance proceeds.


What would you do with a cheque for 400,000?