<prompt> Human: My grandmother wants to gift 36,000 split amongst all of her grandchildren. There are 12 of us total, with 5 grandchildren living in another Asian country.My grandmothers wish is for the 36k to get invested for the long-term into something like McDonalds stock. She wants me to take the entire amount and invest it for her, then divide it in about 40 years, once it has had time to grow and us grandkids are around retirement age.My worries are the tax implications for myself. If it was my decision, the money would be divided now meaning 3k each and invested individually into a Total Market Index Fund e.g. VTSAX. She does not want to do this because there are 5 grandkids overseas and 4 American grandkids under 18.My grandma is very old and her English is poor, but she has good intentions. I need to communicate to her that me personally investing all of the money is not the way to go, but I dont know what to do instead. What is the best course of action?Edit: Found out that my aunt is holding the 36k right now. My grandma had to move the money in order to qualify for Medi-Cal California low income health insurance.  <response>: My grandparents did exactly this for all of their grandkids back in about 1980. They had my father create custodial IRA accounts for each grandchild at Fidelity and put 3000 in each.He gave each kid the option to start managing the money when they turned 18, but he kept doing for those who wanted him to for many years.I think most of them had about 20,000 when they took over. 