Just replying to you on this forum as I know the haters and those I have called out on other forums will get my post deleted by claiming its off topic so I am posting a reply over on this safe no mans area.
Sorry to hear about your health ailments and I have been contemplating the same issues as yourself as to how to manage the share portfolios we leave behind to our families. Not sure about your wife but mine does not even know how to go about doing a online trade let alone managing our joint personal accounts and SMSF. You know how much is involved in doing all the paperwork to be compliant every year in your SMSF. A respected poster here called @h00ts has made a interesting comment about the relevance of the top 50 ASX over time.
If you look at the top 30 companies on the ASX from 50 years ago not a single one of them remains or even exists for that matter in this time line. Its all well to leave a bunch of highly performing stocks but in time someone is going to have to make the call when to rotate into other stocks and sectors when companies long term business model turns pear shaped.
My kids are too young to even understand what stocks are and I am very mindful of those with evil intentions who would be offering their services to manage it on my passing but have their own interests as the priority. I want to add a few international stocks like Apple, Tesla and Palantir and thereafter start to reinvest all the unused dividends into index funds. I am not sure my offspring will be stock market savvy enough to know when to fold them or hold them. I dont mind paying a minimal amount to some of the big index funds on the ASX and international boards.
I am dont see the value of getting a big fund manager to directly look after our portfolios of the size we are holding and getting charged a six figure fee annually for their services. If you are interested you can look at some of the following videos as where to start looking. Both of us have done well and at this stage preservation is more important than further big accumulation of our stock portfolios. It takes all the stress out of those that inherit our portfolios of knowing when to kick stocks on their way down out and when to start to add new companies into the portfolios that are on their way up.
None of this should be construed as investment advice as its my personal viewpoint. Let me know how you go and what you think.
