What is the name of your state (only U.S. law)? Georgia
My grandmother recently passed away and left a small amount of money to my 2 young children, aged 3 and 2. She did not appoint anyone as a trustee for this money. It's coming from a tax deferred account. I've been told that I can not set up savings accounts for my kids with the money, and I'm having difficulty finding out just what I am allowed to do with this money by law. Can anyone point me in the right direction? Thanks.
My grandmother recently passed away and left a small amount of money to my 2 young children, aged 3 and 2. She did not appoint anyone as a trustee for this money. It's coming from a tax deferred account. I've been told that I can not set up savings accounts for my kids with the money, and I'm having difficulty finding out just what I am allowed to do with this money by law. Can anyone point me in the right direction? Thanks.