Her uncle died the day before the will was to be signed.
My wife and her two brothers are therefore the sole beneficiaries
They have agreed that they will carry out her uncle's wishes even though they don't need to
Her brother (Executor) will be giving her £3000 for the grandkids out of the estate.
She needs to put this into some sort of account for them not to access until they are 21 and preferably without involving her daughter
oh i see!
As the amount is so low ( well £3000 is not to be sniffed at but you know what i mean!) i wonder if a trust fund is the right thing? Couldn't she just put it in an ISA in her name and give it to them when they are 21?
Keeping it in her own name is a potentially bad idea. In all probability nothing will go wrong but if it does the inheritance can be lost. And why should she lose her own ISA allowance for this?
Tax free National Savings are probably the best solution. Maybe