jamesb
My mother (83 yo) is wondering how to invest $750K from the sale of property from a trust account As I understand it, the principal must remain in the trust fund, but income from the investment can be used to pay living expenses or gifted out or accumulated in the trust fund. Mom is not a sophisticated investor and does not want the responsibility. The trust is currently managed by a financial advisor who deals with Charles Schwab, but she has also been talking to an investment broker at her bank. She currently lives independently but worries about the possible need in the future to move into assisted living or a nursing home, and the cost thereof. I think her financial goals are (1) to be able to live off the interest and dividends (she lives quite modestly), (2) preserving the principal in case of longterm health care needs, and (3) leaving an inheritance for her children. Any suggestions on what to do with this windfall?