So, you have inherited more than money from your aunt from Boca Raton. She named you successor trustee of her Palm Beach revocable trust. You inherited the job of trustee !
- Have you considered how you will invest the $10 Million in trust funds?
- If not, consider reading recent online postings about active money management versuspassive money management
- This is important for any trustee of a trust, whether it’s a family trust, an irrevocable trust or otherwise
- Do you understand the difference between active management and stock selectionverus passive?
- Do you know the difference between investing trust funds in index funds or low cost low turnover funds versus mutual funds with higher expenses and more turnover?
- Trustees may also wish to consult the Florida Trust Code if you want to try to limit your liability and delegate trust investment functions
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