<prompt> Human: My brother recently passed away, he left behind 2 sons. One of my nephews is 4 yrs old and the other is 11. Friends and family helped collect 7,000 combined for them, so maybe around 3,500 each? Wed like to set up some sort of fund that continues to grow for when they turn 18 they can have a little bit of something. What are our options and what would we be advised to do with the money?  <response>: Consult a financial planner, Now. DO NOT use a family friend for this, and definitely not reddit. 