Hey folks,
Wife and I are retired and in good health but I understand we may not always be so blessed.
We have our investments, to include checking and savings, with maybe 5-6 different institutions.
We have a trust setup and all assets are held in that trust that should be.
Our children are the ones that would have to take over the management of our affairs if were were incapacitated. For this reason I am trying to work up a game plan to move all our investments and income/outgo into one financial group and have them run things day to day with our kids having oversight and the ability to move all accounts if business is not conducted to there satisfaction.
Has anybody here done this and can recommend an investment group they used that performed these functions properly and with minimal hassle.
I don't want our day to day money management to become a burden for my kids.
Thank you for any pearls of wisdom you may cast before me.
Wife and I are retired and in good health but I understand we may not always be so blessed.
We have our investments, to include checking and savings, with maybe 5-6 different institutions.
We have a trust setup and all assets are held in that trust that should be.
Our children are the ones that would have to take over the management of our affairs if were were incapacitated. For this reason I am trying to work up a game plan to move all our investments and income/outgo into one financial group and have them run things day to day with our kids having oversight and the ability to move all accounts if business is not conducted to there satisfaction.
Has anybody here done this and can recommend an investment group they used that performed these functions properly and with minimal hassle.
I don't want our day to day money management to become a burden for my kids.
Thank you for any pearls of wisdom you may cast before me.
Statistics: Posted by MrMojoRisin — Sun Jan 07, 2024 2:07 pm — Replies 4 — Views 204