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Author: trmccoy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76396  
Subject: Retirement Invsetment by Proxy Date: 4/3/1997 1:11 PM
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Here's my situation:

A recently widowed mother, who has asked me to manage her finances. A previously established living trust that now requires spltting the living trust into successor trusts: one will have about $600K in assets and the other, somewhat more. I'm the trustee of both. Of course I need to look after the needs of my mother, but I the better I do at managing the trusts over the next few years, the more my sister and I will eventually inherit.

Here's the problem: There is a lot of advice on how to plan for retirement; there is plenty of info on getting started growing your own portfolio from scratch. But I haven't found very much help at all on how to deal with big sums especially with this mix of objectives. At least one "full service" broker is advising me to let him "handle it". But I wouldn't be posting messages here if I accepted his advice. So where should I look for guidance on "instant trust management"?

I think this will be a fairly common situation over the next decade when boomers begin to inherit the trillions accumulated by their WWII parents.
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