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Thanks for your replies. Both kids already have "bank of Dad" accounts with $900 & $700 in, 8 year-old has a well thought out plan... save to buy a motorbike (almost there), then a car, then a house... But with this windfall inheritance, investing for a 10-14 year timeframe together could...

My children (4 & 8) are about to receive $10k each in an inheritance from their great-grandmother. We're thinking about how to manage this in the best way possible. Our nephews (7, 12 & 14 are also in the same generous boat) Is it insane to think of a property purchase? As parents we can...