Holy Sh*t, db.If you're talking that kind of money, you've got no business hanging out here listening to a bunch of amateurs, me included.Run, don't walk, and find yourself at least three smart, savvy financial advisors. Run your situation past them and if any of them talks platitudes, stop the conversation, get up, walk away, and find another candidate. What you should look for is someone who will pay exact attention to the very specific details of your situation, especially and including the personalities of all people involved, so that each person can be made to feel comfortable with it in the sense of being able to sleep at night. The benficiaries don't have to understand all the intricate details of the plan, but they must understand its broad strategy well enough that they won't get shaken out of it when the market does its usual ugly things and friends are second-guessing events and giving bad advice. Then take those plans to your tax advisor and then to your lawyer and then a couple of trusted family councilers. When a consensus is achieved --recognizing there is often a difference between a good decision and a good outcome-- then put the plan into place or have it implemented and get on with your life. To repeat, less than $100k is easy for an individual to manage. Less than $250 is doable if you're willing to do the work. When the amount pushes over $500k, you are a fool not to buy the best advice you can.How do you find good financial advisors? The same way you find a good family doctor or a good mechanic. You ask the smart people you know who they use; you interview the candidates; you ask to see samples of their work. You pull the Better Business Bureau files on them or the equivalent, etc. I think you have no business managing that much money. If you had to come here for advice, it's obvious you are too inexperienced to do a good job of it. But the fact that you are looking for advice is a strength you can build on. Presumably you make executive-type decisions in the non-financial areas of your life. Use that experience and judgement to put togther a team of experts for your financial needs. Best wishes, Charlie
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