Where should I invest money in a trust?

I think you guys can do better than Gregory Ricks

Was this not discussed at all with the trustee prior to their passing? The amount of money you are talking about would be important.

You can self manage the money.

I would never go with someone you know just because. If it’s well into the 7 figures I’d shop around you should have plenty of options.


You also need to shop CPA’s yesterday.

ETA: When I mean shop CPA's yesterday, if you don't have a CPA with A LOT of experience doing similar trusts you should find one that does. Then see who they like in regards to money managers/ FA's.

Again, this depends on the amount of money to some degree. But you also need to make sure you have a damn good lawyer you trust with similar trust experience. Not a friend that's done a trust or two. Someone that does them a lot.

You really want a lawyer and a CPA first, then a money manager after that.

It was mom’s trust. Brother and I inherited it.

Neither of us have a pressing need for the money so figured we’d invest it—just not sure with who.

We do have a CPA and lawyer involved.
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Good to invest it. Low cost index sounds like a good choice. S&P 500 is solid over time. You would need to share more details to get better advice. Leaving it where it currently is could possibly be best choice without more info.

You should determine some goals for the money. Do you want to minimize risk? Grow it? Do you have other financial liabilities at high rates? Are you in a strong real estate market? Lots of factors to consider.