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Reply to "Giving money to the grandkids when you don't speak to parents?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I would write everyone a letter establishing your durable power of attorney and that annual cash gifts are part of a comprehensive estate plan approved by a financial planner. Then just cut the checks. If the recipients are adults, you don’t need to do anything else. I would personally want to inform the parents barring a really good reason not to, but I don’t think you have an obligation to do that if they’re not minors. [/quote] This. However, if you were my sibling, I wouldn’t trust you due to your behavior and not accept the money. My kids would not either given how you treat me-them. Not a chance I’d give you bank account information. Send a check. [/quote] What behavior would you not trust? It's my sibling who stole heirloom jewelry from my parents, and I am pretty sure they stole the monetary graduation present I gave their child. Sibling has already accepted money in the past. They are very greedy, a hoarder, and want everything they can get their hands on. I have previously written them checks, and they asked, "Why is it not more?" My parent chose me as executor for a reason. They know who visits and takes care of them and who does not. OP [/quote]
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