Should we use the money to repay our debt on the shares and reinvest dividends or buy another financial asset of a similar value?

Q.

I am aged in my mid-30's with a secure job paying a normal salary and happily married with kids. My wife does not have a paid job opting to raise the children. We are fortunate to have paid off our home and about three years ago borrowed about $100,000 to buy shares in our names which have increased in value. We are about to receive a gift of an after tax payment of $100,000. Should we use the money to repay our debt on the shares and reinvest dividends or buy another financial asset of a similar value?

Congratulations on what you've achieved to date. If you are happy with shares as you appear to be, I see no reason why you could not use the money to buy more shares. In fact, if it suits your risk profile, you could even increase the $100,000 loan now that your assets have been given such a boost. Just make sure you stay within your comfort level.