Reply to Father passes away and leaves $ to grandkids...sibs are not following wishes....

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Reply to "Father passes away and leaves $ to grandkids...sibs are not following wishes...."

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[quote=Anonymous][quote=Anonymous]op,

i am sorry to hear about your situation.  unfortunately money has a way of making people do terrible things.  i shudder to think that each of these siblings used more than $150k each since you said that ea. grandchild was left about $150k.  I seriously doubt that both of your brothers will be able to replace the money for each of the kids.i'm sorry that your father didn't put the money in an irrevocable trust that could only be accessed by the grandkids themselves when they were of appropriate age.  I don't know if this is any consolation but sometimes when kids are left an inheritance they also spend it on stupid things.  Not all 18 yr olds would be able to handle that large an amount either.[/quote]

You can make it available to the kids at age 25. That's what we did for our kids. In the event that we die, the insurance money will be put into a trust for them. Their guardian is allowed to access the money for their college needs (should it come to that). [/quote]

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