My sister passed and I am tasked to distribute her savings to her two adult siblings. The funds are in my name - I took them over when her dementia got worse. The daughter has a gambling problem - I gave her $5000 and she spent it all in less than a week despite rent, utilities, etc., coming up. She's 46, never had a job in her life, and completely irresponsible.
I am sure my sister's wishes were to give the kids the money but I morally cannot just let the daughter crash and burn. Yes, legally the money is hers.
Is there some sort of 'trust' that could dole out the money? I don't want to micro-manage her world but I cannot ethically let her lose it all overnight.