Relatives promising inheritance I don't want

[Anonymous]

My aunt and uncle (siblings) have decided that their children are irresponsible and so they want to leave their assets (one is high 7 figures) and real estate to me. They think because I am their version of responsible I will not squander the money as they assume their children will do. I don't want this and have said so, but they aren't listening. I know wills can change, but if I do end up inheriting, would I be wrong if I just give the money and houses to their children? Would you?

[Anonymous]

No, I think giving the money to their children is the right thing to do. They’ll be dead, what do they care.

[Anonymous]

Sure you don’t want it, OP. Sure you don’t.

[Anonymous]

Once their kids are aware of this they will probably be so mad at you for being so perfect that they will shun you and hate you. At that point you might decide to give the inheritance to somebody who deserves it.

[Anonymous]

Accept the gift for being an honorable and responsible niece/nephew. Screw those deadbeat kids.

[Anonymous]

I mean, if you really plan to do something against their wishes you could tell them now so they could pick a different heir.

[Anonymous]

If you really don’t want it encourage them to leave it to charity or set up a trust to limit their kids’ access.

[Anonymous]

Anonymous wrote:Sure you don’t want it, OP. Sure you don’t.

I mean, yes we all want "free" money but this is not that. I don't want it because my cousins will be hurt and upset, it will cause drama etc. Just leave me out of it.

[Anonymous]

Anonymous wrote:My aunt and uncle (siblings) have decided that their children are irresponsible and so they want to leave their assets (one is high 7 figures) and real estate to me. They think because I am their version of responsible I will not squander the money as they assume their children will do. I don't want this and have said so, but they aren't listening. I know wills can change, but if I do end up inheriting, would I be wrong if I just give the money and houses to their children? Would you?

Question: if OP does just give the money and property to their children will OP then be responsible for taxes as I am assuming the amounts given would be well above the annual gift limits?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sure you don’t want it, OP. Sure you don’t.

I mean, yes we all want "free" money but this is not that. I don't want it because my cousins will be hurt and upset, it will cause drama etc. Just leave me out of it.

Totally reasonable and I would feel the same way. It’s definitely not worth the drama. I would agree with the pp who says you should just tell them that’s what you plan to do.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sure you don’t want it, OP. Sure you don’t.

I mean, yes we all want "free" money but this is not that. I don't want it because my cousins will be hurt and upset, it will cause drama etc. Just leave me out of it.

Their parents want the drama if they give the money to you. They know that will happen too.

[Anonymous]

Always wait a year after inheriting before deciding what to do.

[Anonymous]

I'm having a hard time why you wouldn't want high seven figures, but anyway, yes, I would refuse it and have it split between their kids.

[Anonymous]

Pay the taxes on it first and then give it to their kids.

[Anonymous]

Anonymous wrote:I mean, if you really plan to do something against their wishes you could tell them now so they could pick a different heir.

This. They may prefer to donate to a charity of their choice instead. You say you told them you don't want it, but I think you should explicitly say you would give it back to their kids to avoid drama. You at least owe them your full honesty.