[firebat45]

Children may not be able to make good decisions with their money, but many adults aren't either, especially when it is someone else's money (ie, their kids).

A child should retain full control of their own money up to a certain value. Above that, they should be assigned a fiduciary to take care of the rest.

[aetherson]

"Assigned a fiduciary" does a lot of work there. Who assigns the fiduciary? How do we find a good one? Why does this fiduciary do this job? God knows that financial professionals are not exactly immune to misconduct.

I think we should maybe admit that this is just kind of a difficult space, where there's in some rare cases a lot of money on the line and there's not necessarily anyone who's perfectly suited to handle it.