First off, we do plan on seeking financial advisement as well, but after posting in the r/investing discussion thread, a user directed me to also posting here.
My wife is a trustee of an irrevocable family trust and a potential sale of some real estate will earn them 700k (pre-tax.) The family has a good tax attorney that will handle that end, but we are unclear as the appropriate direction to take with the windfall. The trust has no debts, all the properties are mortgage free, and the rent rolls take care of all expenses/provide income. Basically the money is free to do with as we wish, and luckily all members of the family are on-board with finding a solid long-term investment strategy for all the post-tax money. They wish to diversify as all their investments are currently in real estate, so another property purchase is out of the question. There are two siblings as trustees, both in mid-30s. The beneficiary has other means of income from within the trust to sustain her for as long as she could live.
So the question is, what is a solid long-term investment strategy to preserve and grow this windfall to its maximum potential ?
Submitted May 30, 2018 at 08:38AM by InconspicuousSponge https://ift.tt/2L3lJDd
