Hi everyone, I am opening an irrevocable trust for a permanently physically disabled family member. The beneficiary will be living off of this trust for the rest of her life. She is now 30 years old and expects to live into old age. The amount of principal will be $3-4 million. I hope to provide her a sum of $75,000 or more annually to be paid out in monthly increments ($6250 per month). The operating fee for the trust will be approximately 0.7% per year.

I need help on coming up with a financial plan to fit her needs. The number one priority is not to drain the principal. Number 2 is to meet her annual spending needs. Does anyone have experience in overseeing a similar trust? Please help me create a solid investment plan that meets these needs.

Edit: I will be seeing a professional financial planner, but I would like to get as many opinions as possible.

Edit 2: I have lawyers working on the trust documents. I am most concerned with what to do with the money once it is in the trust. Also would like to hear opinions on a larger withdrawal rate of 6% and how that would impact an investment plan.
user
I am opening a trust for a physically disabled family member and need help creating a plan to meet her needs including an annual spending budget.
assistant
Hi everyone, I am opening an irrevocable trust for a permanently physically disabled family member. The beneficiary will be living off of this trust for the rest of her life. She is now 30 years old and expects to live into old age. The amount of principal will be $3-4 million. I hope to provide her a sum of $75,000 or more annually to be paid out in monthly increments ($6250 per month). The operating fee for the trust will be approximately 0.7% per year.

I need help on coming up with a financial plan to fit her needs. The number one priority is not to drain the principal. Number 2 is to meet her annual spending needs. Does anyone have experience in overseeing a similar trust? Please help me create a solid investment plan that meets these needs.

Edit: I will be seeing a professional financial planner, but I would like to get as many opinions as possible.

Edit 2: I have lawyers working on the trust documents. I am most concerned with what to do with the money once it is in the trust. Also would like to hear opinions on a larger withdrawal rate of 6% and how that would impact an investment plan.
user
I am opening an irrevocable trust for a mentally disabled family member. I need help with financial planning and a higher withdrawal rate.
assistant