Has your mother designated a Healthcare and Durable Power of Attorney?
If not, I would encourage her to do that first and to have a transparent conversation with the family about who she selected and why.
Once that step is completed, it should cut down on friction from siblings questioning the decisions of the POA.
It might be helpful, as well, for you to help your mother create and IPS and to share that document with family members so that they are aware that you are following HER wishes.
I wonder if anyone has calculated the hypothetical "loss" due to Advisor's fees vs a "riskier" portfolio. I know that a 1% AUM is great for the Advisor, but not so great for the Investor.
If not, I would encourage her to do that first and to have a transparent conversation with the family about who she selected and why.
Once that step is completed, it should cut down on friction from siblings questioning the decisions of the POA.
It might be helpful, as well, for you to help your mother create and IPS and to share that document with family members so that they are aware that you are following HER wishes.
I wonder if anyone has calculated the hypothetical "loss" due to Advisor's fees vs a "riskier" portfolio. I know that a 1% AUM is great for the Advisor, but not so great for the Investor.
Statistics: Posted by id0ntkn0wjack — Sat May 09, 2026 11:46 am — Replies 3 — Views 84
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