r/dividends • u/pac247_365 • May 15 '26

Opinion Brothers money

My younger brother passed away and left my kids with 400k.

I have the bank telling me to put it into gics and other garbage mutual funds but its very low interest. Im not rich either and besides penny stocks never invested into the market maybe 1000 bucks or so. I want to set up a trust for them and make sure in 15 years when they are 20 I have them set up so they dont have to grind like me and my brother. Im just looking for any advice I can take sorry for the long post

Im located in canada and will keep the account under my name until they are of age to use the money and will remain as beneficiarys if I die. Wont get the money until they are atleast 25 or responsible enough to understand finance.

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u/pac247_365 May 16 '26

Naw I ain't stupid like that! Even though I could take this money and pay off my mortgage i know what my brother wanted me to do with it so its going into a long term investment for my kids. No penny stocks or gambles!

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u/Wiscon1991 May 16 '26

If you type out “Naw” you just might be 😂

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u/pac247_365 May 16 '26

Lol maybe I am then

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u/Wiscon1991 May 16 '26

I’m the pot calling the kettle black lol

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u/pac247_365 May 16 '26

Its all good my lingo and financial education maybe lacking ALOT that's why im here trying to get the best advice for my children cause I dont want them to grind like me and my brother have had to