▲ 66 r/investing
Inherited money for minor children
Hopefully this is allowed and I do have a call out to our financial advisor, but I'm also curious what others' opinions are in this situation.
My kids inherited an IRA that I am splitting into inherited IRAs. They have also each inherited 50k and properties that collect rent money every month. Technically they have about 10yrs before they can take ownership of the funds, but I'm the executor and can do what is in their best interests.
Because there is so much time before they can take ownership, I'd like to be aggressive with the majority of the inherited cash. I will be pooling the rent monies and evenly distributing that amongst them as well. Does anyone have any experience with this and have any advice?
u/shake-dog-shake — 1 day ago