Tax Question for Older Couple with Cash

[Shannon Curtis]

I know an older couple that had a question about being strategic with some money they recently came into from the sale of their house.  They have a significant amount of cash resulting from the sale.  One is much older than the other and the concern is that if something were to happen to him, any of their assets might be mismanaged.  Obviously he can hire a financial advisor to help deal with this, but my question is any suggestions on what they should do with the money?