Reply to Teenager about to inherit money outside a trust

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op, stop with the idea that you will/should financially manage - what will be, an adult.

In 2 years from now. A short amount of time. [/quote]

Her kid has anxiety, depression and is not on a path towards adulting.  She is smart to want to ensure it's not blown, more importantly not blown on drugs/gambling/addictions of any type.

[/quote]

I don’t think keeping the child perpetually a kid is the answer. So what if dc blows through the money. It’s a learning experience, let dc grow into an adult. Their is no bulletproof way doing it. [/quote]

This is not only about losing the money (easy come, easy go). He could use the money to actively hurt himself by using it on drugs, motorcycle, fast cars, drinking binges, weapons, etc. [/quote]
+1000

I highly doubt the 90yo relative would want that.  They just most likely don't want to do the work to setup a trust/plan for distribution.

While there is no "bulletproof way", there are plenty of ways to ensure the kid doesn't blow thru it all and harm themselves or others in the process.  No sound estate planner would recommend giving even a 4.0UW, perfect student and person who is actively involved in their community, the 100K directly until 25 or 30.  [/quote]

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