PITA
Heramba Electric plc
stock NASDAQ

You need a lawyer before a financial advisor. Something like VOO is planty aggressive (and nobody will be able to show it's not prudent for kids). So that's the way part.
My concern here is that you would pool things. If they are separately titled (e.g., Joe owns 104 Milton St., Newt owns 105 Milton St.) the comingling proceeds (rent, sales) or paying related expenses (taxes) is highly problematic. It's basically impossible to track and proportionately disposition everything down the line. You'd need to maintain separate accounts for every child.
How are the inherites properties (or real estate interests titled)? Only if it's "joint tenant with right of survivorship" or something similar would the asset held in common and you could route cash outflows to a common/comingle account.
But the person giving the property must not like you (or maybe the kids) if they did that. It sets up a scenario in 15 years where one kid realizes "hey, Newt got camps and sports fees and a car that I didn't get, so the fund is smaller than it would be otherwise." And then they come after more than half of the remainder.
I'd have similar concerns if it's in trust or UGMA or whatever. The recordkeeping would include market fluctuatioms between cash flows or assignment of phantom shares or something. Total PITA compared to keeping parallel accounts.

You need a lawyer before a financial advisor. Something like VOO is planty aggressive (and nobody will be able to show it's not prudent for kids). So that's the way part.
My concern here is that you would pool things. If they are separately titled (e.g., Joe owns 104 Milton St., Newt owns 105 Milton St.) the comingling proceeds (rent, sales) or paying related expenses (taxes) is highly problematic. It's basically impossible to track and proportionately disposition everything down the line. You'd need to maintain separate accounts for every child.
How are the inherites properties (or real estate interests titled)? Only if it's "joint tenant with right of survivorship" or something similar would the asset held in common and you could route cash outflows to a common/comingle account.
But the person giving the property must not like you (or maybe the kids) if they did that. It sets up a scenario in 15 years where one kid realizes "hey, Newt got camps and sports fees and a car that I didn't get, so the fund is smaller than it would be otherwise." And then they come after more than half of the remainder.
I'd have similar concerns if it's in trust or UGMA or whatever. The recordkeeping would include market fluctuatioms between cash flows or assignment of phantom shares or something. Total PITA compared to keeping parallel accounts.