No. of Recommendations: 0
I think you left a hint for us in your last line:

If you are persuasive enough they might let it grow; but as you will be gone, they could do what young people do and blow everything. I am a baby, novice Fool so there may be tons of things wrong with this concept. If there are I trust other Fools to shoot it full of holes.

Its my impression that concerns like this are precisely what TRUSTS are for. However, that's the extent of my knowledge on the subject. Any knowledgeable trust people out there to help out these guys who want to leave money to Grandkids but not see it blown on sports cars in the kids 20's?

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.