I have two siblings: a younger brother "Todd", and an older brother "Jack". Todd is a single father of three (realtor; lives in Canada; wife left for Europe and hasn't been in the family's life for 5 years now). Jack still lives in Canada (Toronto) with his wife and two kids, and is a wealthy civil engineer. Jack had a falling out with a lot of the family years back when he started college, since our entire extended family is deeply religious (Catholic, Greek Catholic, etc), and when he "came out", most of the family "disowned" him (i.e. parents took him out of the will unless he "repents", most family members save for a couple in-laws ignore him, etc). Since we're all "family", he visits every second Christmas/Easter/Thanksgiving, brings overpriced gifts for Todd's kids and whatever nieces/nephews he gets to see, etc.
I have a big problem: I was the only person around who could accept the role of godfather for Todd's kids, and he's suffering from terminal cancer. I travel between the US and Europe a lot, and don't even own property in Canada. I'm in no position to take on three young children as a surrogate parent.
Jack and his wife told me privately that they would assume responsibility for the children provided:
- Half of Todd's assets and (eventual) inheritance from our parents goes into a trust fund for Todd's kids (tuition, down payment for a house later in life, etc).
- The other half of Todd's "wealth" goes into a trust for Jack and his wife to cover additional living expenses for the kids. If the fund is ever exhausted before the kids hit 18, Jack and his wife cover the remaining expenses (toys, clothes, summer camp, etc) out of pocket. If any funds remain at that point, they get deposited into TFSA/RRSP for the kids.
- Only one dollar is given to Todd's ex in our parents' will, to avoid her having a way to claim she was "forgotten".
- The "tough" part: Jack has no intention of raising the kids catholic. He intends to debunk it gradually with the kids, and even insists he'll pay for their private school/college fund out of pocket if it means they go to a secular school to "break the cycle of sickness" (he really despises religion).
How can I convince Todd and my parents to delegate rearing Todd's kids to Jack? I imagine Todd and my parents will flat-out refuse the idea. Is it possible to "send" the kids to live with Jack and his wife after I've assumed the role of their legal guardian, or is there a "bad faith" element there (no pun intended)? I can't take care of these kids, my parents are too frail to watch them, Todd's dying, and no other relatives have stepped up to the task. I don't want these kids winding up in a community home because of Jack and our parents being stubborn over ideological differences.