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Reply to "Relatives promising inheritance I don't want"
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[quote=Anonymous][quote=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 [b]if I just give the money and houses to their children[/b]? Would you? [/quote] 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? [/quote]
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