Search found 7 matches

by SWSL
Tue May 12, 2015 11:50 am
Forum: Personal Finance (Not Investing)
Topic: Trust help received K-1 but no cash
Replies: 55
Views: 14367

Re: Trust help received K-1 but no cash

OK, I misrepresented for simplicity but now need to clarify ; I'm in the process of finding another accountant and have not broached this with the guy I have now. Meanwhile, I've been looking for advice online here and elsewhere and just got a direct answer, which I was trying to corroborate elsewhe...
by SWSL
Tue May 12, 2015 9:45 am
Forum: Personal Finance (Not Investing)
Topic: Trust help received K-1 but no cash
Replies: 55
Views: 14367

Re: Trust help received K-1 but no cash

I'd like to reopen/add to this thread because I'm on the opposite side of a similar situation and perhaps the information here could be filled out a bit more. My accountant just advised me, as trustee, to do the same; Distribute on paper, sending K-1 to beneficiary and enough to cover tax, while ret...
by SWSL
Thu Apr 30, 2015 11:24 am
Forum: Personal Investments
Topic: Hi - My new portfolio
Replies: 5
Views: 1313

Re: Hi - My new portfolio

Any chance that anybody here can offer comments around my questions ? I did put a lot of work into my original post with some faith that posting the whole portfolio as specified here would help me get some advice... If not, I guess I'll just put up my questions in isolation. Seems that in spite of t...
by SWSL
Tue Apr 28, 2015 11:05 pm
Forum: Personal Investments
Topic: Hi - My new portfolio
Replies: 5
Views: 1313

Re: Hi - My new portfolio

And would having a managed account at Vanguard be acceptable? Oh, um, yes, you know, it would, and I guess that Vanguard manages at a lower rate, but I made my decision on that already and just got the estate split this month, opening three new accounts (two of them trusts), at Fidelity and then th...
by SWSL
Tue Apr 28, 2015 7:23 pm
Forum: Personal Investments
Topic: Hi - My new portfolio
Replies: 5
Views: 1313

Re: Fiduciary rule?

SWSL: Welcome to the Bogleheads Forum! I extend my condolence for the loss of your father ... it is the only equity option for the trusts considered 100% defensible by the estate/trust lawyer. I doubt this is true. In fact, a collection of individual stocks in a high-cost plan is more likely to vio...
by SWSL
Tue Apr 28, 2015 2:50 pm
Forum: Personal Investments
Topic: Hi - My new portfolio
Replies: 5
Views: 1313

Hi - My new portfolio

Hi all, my dad passed and I inherited approx 7 figures including house and car. In addition, I'm the trustee for another 500K for my niece and nephew, which I won't go into except to say that managing their funds has somewhat entered into my decisions for my own portfolio at times. Since I'm new to ...
by SWSL
Thu Mar 19, 2015 2:08 pm
Forum: Personal Finance (Not Investing)
Topic: Trusts taxes distributions
Replies: 22
Views: 2925

Trusts taxes distributions

Hi. First post, will probably have some other questions that are more related to investment later. For now, I'm the trustee for two testamentary trusts established in my father's will. I'm also the executor of the estate. The two beneficiaries of the trusts are young, older one is 21, younger is 16....