My late mother left amounts of £20,000 to each of her 7 grandchildren ‘free of tax absolutely upon reaching the age of 21’. My brother, who is the executor, is insisting on purchasing fixed term savings bonds for £20,000 with himself as the sole trustee for the grandchildren aged under 21. My children are 12, 16 and 19 and I do not want them to be disadvantaged by having their inheritances tied up in fixed interest bonds, for over 8 years in my youngest daughter’s case. I also do not wish my brother to be the trustee. Previous gifts from my mother during her lifetime were invested in managed investment trusts. Is there any reason why the £20,000 inheritances cannot be invested in a similar way since I do not feel fixed interest investments over such a long period are in their best interests?