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Milton Bachelor is the husband of Enriqueta, father of Simis, paternal grandfather of Bella and Michael, and great-grandfather of Cassandra and Alexander Goth. Not much is known about him, since he is deceased before the start of The Sims 3, and not mentioned in the other games. He is buried in Pleasant Rest Graveyard. Due to his appearance in The Sims 3, it is speculated that he might be Grandpa, or maybe even Vegas, who haunt the Goth Home in The Sims.
Milton and Enriqueta didn't show up in The Sims 2 in Cassandra and Alexander's family tree. They didn't technically exist until The Sims 3 came out. They were most likely added to fill in as grandparents for Bella and Michael, just like Jocasta and Simis show up for grandparents of Cassandra and Alexander.
Due to his traits, Inappropriate and Kleptomaniac, he was probably a bad father figure for Simis in The Sims 3.