A family member recently passed away and left money in their will to children in the family, whose ages range between 2 and 15.
I haven't seen a copy of the will but apparently it doesn't stipulate how old the children have to be in order for the inheritance to be paid to them, and the spouse of the family member who died has said that the money needs to be paid into accounts in the names of the children, not their parents.
Can anyone advise on this?
Does the money have to be accessible to the children now, or as a parent can I put it in trust for them until they reach a certain age, or put it in an account that they don't know about until they are say 18 or 21?
The amount is approx 20k per child.
I'm happy to seek advice IRL but not sure who I am best to contact. Do I need to ask for a copy of the will? (I don't want to upset anyone by asking)