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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Kids ages 17 and 19
Each has about $75,000 funded from inheritance from one of their grandparents
Yes, they know about it and know the balance.  They will receive the money at 21.

The money is for their future.  They have 529s to cover college costs.  We are committed to purchasing their first car and paying for wedding or downpayment on a house.

We have talked about investing with them since they were small.  Both kids are happy for parents to handle the accounts. 
We have money check-ins every quarter that started when oldest was 14 and working a part-time job.  They know how their UTMA, 529's and Roth IRA's are invested. We go over the balances and any questions each quarter.  We understand that this may not click for them until they are mid 20's.  
[/quote]

You know at 21 they can spend it on hookers and blow right? They don't have to use it on a downpayment or whatever you think they should use it on. [/quote]

PP here. Yes, we know. We want them to keep it invested until they graduate college.  The desire from grandparent that died was that they use it for travel and they are aware.  They are set to receive a much larger amount from the other grandparent.  The conversations about investing are mainly to prepare them for that happening. In-laws do/did not believe in trusts and want all grandkids (5) to receive the money immediately.  We had to explain to FIL that he would not be giving our teens the money directly when MIL died two years ago. [/quote]

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