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Originally Posted by manaboutown
I have the same concern. Who can I hire to step in and manage my investments when I start to lose it?
Right now I have lined up a trust company named in my revocable living trust and testamentary documents which works with accountants and financial advisors selected by their clients. The problem is finding a capable asset manager or team. I have heard some horror stories about what happened when investors who had done relatively or very well turned the management of their financial assets over to "professionals". In some cases many millions went down the drain. I find that scary. It has taken me a lifetime to accumulate what I have through hard work and sacrifices. I would like its value increased or at least retained for my heirs and devisees.
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A better answer is to start distributing it right now, why wait, if you are concerned that your wealth might be pilfered.
So what if you have to pay taxes. . you can't take it with you, and just give a portion of it to them each year, not alot, not all at once, just a portion, so that there is less to pilfer, if you are really that concerned. . .