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I recently inherited approx $800,000.

I am in the process up setting of a diversified portfolio for the money.
However I am perplexed as to one concern.

Should the money remain in my father's name because he is 74 years old and his sources of income are social security and a pension.

Or should I transfer the funds to my sister and myself to be invested seperately??

If the money is not held in a retirement account of some kind, and the portfolio would be set up for moderate income in relation to long term growth.......

in which situation would capital gains taxes, or other taxes be less??

I earn $70,000 a year and my sister $26,000

Any advice is appreciated,
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