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I would pay off our house!

pay off all of our debt
then save/invest the rest until we create a detailed plan of what we're going to do with it.

Speak with my financial advisor and make a plan first!

ETA - oh wait, it is "only" 1 mil. Not sure, maybe pay off our house.

@mrbee: My second thing would be to hire a cleaner! But now I'm thinking, a cook would be really nice too.....would the cook clean up after themselves?

Hmm, that's only £600k. Subject to DH's approval, I'd pay off our mortgage, clear my best friend's mortgage and my mum's mortgage - and buy BIL a house. Then I'd spend the change on a holiday and go back to work the following week!

Go out to eat. Somewhere awesome that I refuse to go because I think it's too expensive.

@MrsBrewer: haha, if it was some huge, crazy amount, then I would go shopping and buy random, unnecessary stuff like jewelry and hand bags!

Pay off debt and buy a house!

Pay off all debt and buy a brand new car and a bigger house!

Pay off our condo and start house shopping! Obviously a mil is not a ginormous amount, but that would be be nice downpayment! Plus put some in savings/retirement.

Tithe 10% to church..
Give some to family members and invest the rest.

After taxes 1 mil isn't much though! :T

Without question, pay off my student loans.

We would probably move across the country and buy a dream house and a cottage. My #1 goal in life is to win the lottery except I never buy tickets. Oops.

Pay off our house, student loans, and auto loans.

Oh! We've talked about this a million times!
First we would pay off everything: student loans, house, cars, etc. put money into a savings acct for M and all our nieces and nephews. MOney into savings. Then take all our family on a cruise. Then my husband and I would go to Europe for a month!

If there's still decent money left I think I will finally get a pair of Jimmy Choos and he'll probably buy his dream car. Which I believe is a Shelby GT?

Pay off our mortgage, invest a chunk and use a chunk as a downpayment on some investment propery (3-4 unit apartment buiding).

@MrsBrewer: I think what people mean is, if you win $1mm after taxes it's not like you could just quit working and be comfortable for the rest of your life. Don't get me wrong, I'd love to have it... but it doesn't make you financially set for ever. It's not like if you won $100mm and you could spend frivilously and not worry.

We would probably invest it all. Our interest rates are low enough on our house and cars that I think we'd net out a better return with investing.

@MamaMoose: Ahh very true, yea with 1 million I wouldn't stop working. Well maybe I would take like 1 year break and just travel for a little bit with the money!

Hire a financial planner. That's once-in-a-lifetime seed money!