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[quote=Anonymous][quote=Anonymous][quote=Anonymous]If you were to inherit $1.5M in cash and about $9M in rental real estate in good areas of DC (both commercial and residential), and your impetus wasn't too rock the boat too much, but too focus mainly on wealth preservation, how would you handle this inheritance? Speaking with a financial planner (fee only) could be beneficial, but wouldn't simply plunking the cash into a diversified "lazy, 3 fund portfolio" of low fee Vanguard funds (probably Index funds and Muni bond funds) work just as easily? You could partially live off dividends from these. Regarding the real estate you essentially maintain the status quo, not sell anything, but verse yourself somewhat in property management and lease negotiation and also live off the monthly income. In what way would you handle this inheritance to maintain wealth?
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You don't just want to maintain growth, you want to build it unless YOUR estate will go to just one person.  If you will be splitting your estate, you will end up like the Vanderbilts.... 
shirtsleeves to shirtsleeves in three generations.[/quote]

And what techniques would you employ, with that inheritance, to accomplish that? [/quote]

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