Reply to Children Inheriting Large Sums of Money

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[quote=Anonymous][quote=Anonymous]I will start by saying that I know this is in the category of first world problems and that I should be grateful for this, so please, I am well aware of that but still very concerned and wondering what others have done in similar situations.

To greatly simplify - I have an elderly relative who I would wager money has a severe personality disorder. She is impossible to deal with and has alienated the entire family. She never married. She and my mother are sisters and are enmeshed - for lack of a better word. For this reason, trying to maintain a relationship with my mother has meant having some contact with elderly relative.

Elderly relative wants to leave large sum of money to my children. [b]Originally[/b] she had drawn up a document that placed another distant relative - who neither she nor I communicate with - as custodian of the money until my children turned 18 - at which point my children were to gain unrestricted access to it. ...[/quote]

OP wrote originally. So what is the current will if any?  Was this conversation and speculation or a real will that was changed to something else?  Does she have other sibs and nieces/nephews, whatever?  Was the custodian and/or his offspring also a beneficiary?  Who wants to manage millions for kids  when those kids have normal parents/guardians and you get nothing from that relative?  Let the old bat do want she wants and this is so weird OP could end up custodian /executor whatever for millions and OP/kids get nothing.  Recuse from that.  For all OP has written that potential custodian relative appears to be getting squat and would recuse anyway.  I would.[/quote]

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