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Reply to "Children Inheriting Large Sums of Money"
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[quote=Anonymous]Are you at least cordial with this other distant relative? Is this other relative a reasonably decent person? If so, perhaps you can convince this relative that it would be best if this money was placed in a 529 for the benefit of your children. You can then take the money you were going to spend on their college and gift it to them at an appropriate time (perhaps help with the downpayment on their house) or, alternatively, set up 529s for their children with it.[/quote]
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