+10 to this.I agree that individual stocks is not the way to go for your family, at least not when it comprises 100% of your invested assets.
I think you should consult with a professional who specializes in setting up special needs trusts or other arrangements for disabled adult children.
What is the plan with your house? Do you plan to downsize or do you want your daughter to inherit it? I assume there could be issues with her ability to inherit it, due to her disability and possible lack of legal capacity. You also probably wouldn't want her to inherit it with a mortgage.
In addition, Whitecoatinvestor.com recently (months ago) had a guest on talking about estate planning for kids with disabilities. Link below. Good info l. Can get a free basic guide as well from person who was on. I now keep it in my office to give disabled patients families
https://www.whitecoatinvestor.com/finan ... ility-317/
Statistics: Posted by FIRWYW — Fri Apr 12, 2024 1:28 am — Replies 35 — Views 4111