You may consider giving to a charity or organization that aligns with their values or passions. 3. Create a lasting memorial: Use the funds to establish a memorial, such as a scholarship, foundation, or community project, that reflects the values and interests of the deceased. 4. Financial security: Put the money towards saving or investing for your own financial stability or for the welfare of your dependents. Ultimately, the decision on how to spend the money should be based on your personal values, financial situation, and the wishes of the deceased or their family.