Sharing "windfall" with family

[Anonymous]

Anonymous wrote:I would use it for specific gifts or milestones. Honestly, if my sibling gave me $10K, I'd be shocked and appreciative... and then I'd deposit it and it wouldn't make any impact on my account. If he said, "I got you dinner reservations at that place you've always wanted to go to with a $500 tasting menu" then it would be more impactful.

Complete agree. Pay for an experience. Milestone birthday at an amazing spa, weekend trip to London, etc.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP. You’re awesome. My DH and I grew up with very little. We are now financially successful and very generous. I’m amazed at how cheap people are. Especially those with a lot more money. It’s nice to see people like you still exist. Good luck!

Does OP have more money than his siblings? Doesn’t seem so.

OP hasn't given us HHI for any of them so we can only guess.

[Anonymous]

Don't give it to the nephew. More nieces and nephews might come along and it's not fair to only give it to the firstborn.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Save your money. Your successful siblings aren’t going to want to bail you out if life takes a downturn for you financially. Put aside money to gift your nephew and any future nieces/nephews at significant milestones if you want to be generous.

OP here. Money is saved. I have passive income that has ~30 years left and can sustain me. Nobody is going to need to bail me out.

How old are you in 30 years?

[Anonymous]

Op is not asking if they are financially secure - I imagine they know they are if they’re talking about having decades of passive income. They’re asking how to gift the money - I agree give an experience if possible. A trip may be hard with an infant, especially if the one infant is the start of a few kids

[Anonymous]

Anonymous wrote:Op is not asking if they are financially secure - I imagine they know they are if they’re talking about having decades of passive income. They’re asking how to gift the money - I agree give an experience if possible. A trip may be hard with an infant, especially if the one infant is the start of a few kids

True, but OP also said that the siblings will do all they can to dissuade OP from the gift because they are worried about the strings attached. All siblings are estranged from both parents. Money is very emotionally-loaded topic in this family due to the way they grew up. Will the siblings see this as an future obligation to reciprocate to OP on some level?

[Anonymous]

Anonymous wrote:OP, you stated that you just got word, but also that the money is saved. Which is it?

+1. Suspect OP is a troll. Story does not add up.

[Anonymous]

Anonymous wrote:I just got word that a significant amount of money will be coming my way and I would like to share it with my (both older) siblings. To provide background they're both married and successful engineers, homeowners with nice cars, and great careers. I'm the single sibling that lives a chaotic life and enjoys every minute of it! Neither one of them *need* money to say the least lol

I've been thinking about how I can share this with them. All of us are estranged from our parents and my siblings have honest to God been incredible with the examples they set. We grew up fairly poor and they're 100% the reason I didn't end up in the poverty cycle. I wouldn't be where I'm at in life without them carving the way.

All that being said, I'm considering 10k for each of them and then 10k towards my only infant nephew's college fund. I know they'll do all they can to say no, so is there a creative or sentimental way I can ensure they know I am doing this with no expectations? I'd love to hear your stories, all I can find is nightmare scenarios online!


As far as what I'm doing with the money? Nothing but letting it sit in my Vanguard brokerage account. I dont own a house, I have a car that's paid off. I'm comfortable but don't need more and (if you grew up poor) spending money needlessly terrifies me. Weird situation, but one that's not going to change my life much.

You can give up to $17,000 with no gift tax.

[Anonymous]

This is nice of you OP. No suggestions other than take your time to make a decision.

[Anonymous]

Coming here a bit late but if you are still thinking of ideas, I’d keep the money and not say a word right now. You might have more nieces and nephews and have no idea what they will end up doing or needing in the figure. I would be touched if my sibling gave me 10k but don’t need the money. By kids, who are now teens, would be over the moon thrilled with that amount towards a car. We have college covered for them. I have other nieces and nephews who would love help with tuition or down payments on their first home or even rehab.

[Anonymous]

I would treat everyone to an experience as others have mentioned. And then give the nephew $5000 for their 529 letting your siblings know you intend to do the same for each niece and/or nephew if you are able to do so. And once they are all past the having babies stage, you could contribute equal amounts to each of them if you are willing and able.

[Anonymous]

Anonymous wrote:I would treat everyone to an experience as others have mentioned. And then give the nephew $5000 for their 529 letting your siblings know you intend to do the same for each niece and/or nephew if you are able to do so. And once they are all past the having babies stage, you could contribute equal amounts to each of them if you are willing and able.

I think this is a good approach.

[Anonymous]

College funds for nieces nephews

[Anonymous]

tr0ll. No further engagement after 1 comment. Classic troll move and any idiot who gives $ away with no home is suspect. Also, it's talking about $30K like it's millions. Wanna be creative writer who is...not wealthy.

[Anonymous]

Anonymous wrote:I just got word that a significant amount of money will be coming my way and I would like to share it with my (both older) siblings. To provide background they're both married and successful engineers, homeowners with nice cars, and great careers. I'm the single sibling that lives a chaotic life and enjoys every minute of it! Neither one of them *need* money to say the least lol

I've been thinking about how I can share this with them. All of us are estranged from our parents and my siblings have honest to God been incredible with the examples they set. We grew up fairly poor and they're 100% the reason I didn't end up in the poverty cycle. I wouldn't be where I'm at in life without them carving the way.

All that being said, I'm considering 10k for each of them and then 10k towards my only infant nephew's college fund. I know they'll do all they can to say no, so is there a creative or sentimental way I can ensure they know I am doing this with no expectations? I'd love to hear your stories, all I can find is nightmare scenarios online!


As far as what I'm doing with the money? Nothing but letting it sit in my Vanguard brokerage account. I dont own a house, I have a car that's paid off. I'm comfortable but don't need more and (if you grew up poor) spending money needlessly terrifies me. Weird situation, but one that's not going to change my life much.

I call troll.

Significant windfall, nice cars, $10k, ….