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 contribute to holding costs as necessary.
In shares...?
And in what sort of legal ownership structure is best? - Our name, In Trust For... or something completely different?
Advice, recommendation of advisors and personal experiences would be welcomed.
Thanks, Luke
Is it insane to think of a property purchase? As parents we can contribute to holding costs as necessary.
In shares...?
And in what sort of legal ownership structure is best? - Our name, In Trust For... or something completely different?
Advice, recommendation of advisors and personal experiences would be welcomed.
Thanks, Luke