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Reply to "Sharing "windfall" with family"
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[quote=Anonymous][quote=Anonymous]Give the nephew the $10k, and write letters to the siblings saying how much you appreciate them and their example and that you’re planning similar gifts for any additional grandchildren. [/quote] PS: don’t write a check for the $10k with the note. Say you’re ready to write the check once the parents decide how they want to handle it - their own 529 (you’d write the check to them), a 529 in the child’s name (to the child), or a UGMA account (to the child). There are good reasons for each, so let them figure it out and tell you when they’re ready. [/quote]
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