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Reply to "Grandmother went overboard with slipping cash to me this visit..return it?"
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[quote=Anonymous]Another thought. My dad still does this. Our HHI is pretty high and my dad still slips me money whenever we come to visit. You know what? They can more than afford it and it makes him happy. I think enjoying the money really makes him happy. Even if I just put it in the kids account or into our savings, I tell him I did something special for myself and it makes his day. One way I got my head around accepting the money when I didn't really feel comfortable was realizing that my dad doesn't have that many more years. When both of my parents pass, about 1/3 of the money will come to me anyways. The more that we get now, the less that will come later and be taxed by the inheritance tax. The small amounts won't significantly change the distribution to my siblings (besides, he gives pocket money to them too). A few hundred dollars here and there, heck even a few thousand dollars like when they helped us with money for our house downpayment, is small compared to the value of their estate, which will eventually come to us kids and our kids. [/quote]
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