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Author: jimmoore53 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 19366  
Subject: Consolidate Dad's Assets into 1 Income Fund? Date: 7/11/2001 9:29 AM
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Recently, my mother passed away and I have acquired Power of Attourney for
my father. He is 89 and his mind is not what it use to be. My parents have
done a pretty good job of diversifying over the years (I know because I
have been pulling my hair out doing their taxes).

To simplify the management of my Dad's assets, I would prefer to
consolidate everything into one large Income fund.

I estimate that he has between $200,000 and $300,000.

Are there any funds that you are particularily fond of?

Is the consolidation a bad idea? I would have to sell his stocks and bonds
and pay capital gains.

If I leave the stocks alone, will the hiers have to pay capital gains on
the stocks when he dies?

Thanks in advance,

Jim Moore
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