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Thread: How much is your financial advisor costing you?
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Old 07-02-2025, 08:21 AM
kingofbeer kingofbeer is offline
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Originally Posted by J1ceasar View Post
Another suggestion is to talk to your local bank and see what they suggest as far as managing your assets and your end of life stage. If you don't have children to help out you should definitely contact a few lawyers and see what they would charge you if you get in capacitated

I actually have a relative who is a billionaire and he has a full-time lawyer and at least six people that live with him in his house 24 hours a day
Pretty sure you're not in that range but I think you get the idea that you have to have backup plans now rather than later
Local bank. No way. You need a fiduciary ... a trustee. Lawyer may be good. I have some ultra-wealthy friends who have a wealth manager who pays all of their bills. Country club charges, etc. It must be nice to be that rich.
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