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Author: StockGoddess Big gold star, 5000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76398  
Subject: Re: Off topic question Date: 5/30/2013 2:25 PM
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Recommendations: 3
RUN to Amazon and buy this book for all the reasons this is a really really bad idea

http://www.amazon.com/Beyond-Grave-revised-Leaving-Children/...

This exact situation is discussed. The kid who is getting money "doled" out to them will want more -- then will call you, harass you, claim you stole some of it...

Get a professional executor to handle sister's part, someone who can't be cried or begged or strong-armed into changing the donation amounts.

Read.the.book. Best book on trusts ever written - by a lawyer and his lawyer son, stories of...trusts, the good and the bad that happens after the folks die and the kids proceed to divvy things up.
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