Hi All,
I'm the executor of my Mom's Estate. Within her Trust, she has directed me to set aside a sum amount to be divide into shares and then distributed to each of her four grandchildren along with accrued interests, as each reaches the age of 30. Current ages are 18, 16, 9, and 6. So first distribution in 12 years and last in 24 years. I have full power and authority to invest or reinvest any money within the Trust. I'm a fairly conservative/moderate investor by nature, but have a hard time thinking that $140,000 will sit in a trust savings account earning next to nothing for 12 years until the first distribution.
Any recommendations on how to manage this? A 10yr CD at 1.3ish%? Maybe half in a 10yr CD and the rest in some sort of Bond? I want to be able to guarantee the distribution, but with 12+ years, would like to help them earn a little more. Appreciate any insight..
I'm the executor of my Mom's Estate. Within her Trust, she has directed me to set aside a sum amount to be divide into shares and then distributed to each of her four grandchildren along with accrued interests, as each reaches the age of 30. Current ages are 18, 16, 9, and 6. So first distribution in 12 years and last in 24 years. I have full power and authority to invest or reinvest any money within the Trust. I'm a fairly conservative/moderate investor by nature, but have a hard time thinking that $140,000 will sit in a trust savings account earning next to nothing for 12 years until the first distribution.
Any recommendations on how to manage this? A 10yr CD at 1.3ish%? Maybe half in a 10yr CD and the rest in some sort of Bond? I want to be able to guarantee the distribution, but with 12+ years, would like to help them earn a little more. Appreciate any insight..