My DF has recently died and left £6000 to each of my DSs aged 16 and 19. He stated that they should not have access to this money until they are 25.
Me and my sister are the executors of the will.
We don't want to set up trust funds as we believe they will be expensive and the will does not state the money must be held in trust.
Was thinking about a 5 year ISA to begin with in the DSs own names. Realise this will in theory give them access to the money, but they're good lads and fingers crossed wouldn't touch it.
Is this a good plan?
Please or to access all these features
Please
or
to access all these features
Discuss investments with other users on our Investment forum. For more advice read our tips for saving for your child's future.
Investments
Money left in DFs will for DSs aged 16 and 19.
2 replies
BellaWilson · 30/04/2013 16:47
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.