I will give them a call tonight, and see what they wish to do with it. The money will stay in their names and my brother and I would be beneficiaries.
Good questions to ask
1. Likelihood of them needing the money? I don't know how much cash and how much income they get from social security.
2. If they do need it, how many years from now would that be?
3. How much fluctuation in the 50K can they stand? Would they be upset if they need it and it's down to 30K? Realistically, I should be able to help them out if need be.