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Reply to "Relatives promising inheritance I don't want"
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[quote=Anonymous][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 if I just give the money and houses to their children? Would you? [/quote] Suggest a trust where their children cannot access most of $$ except in small increments over time where they will hopefully mature.[/quote] This. Aunt and Uncle have enough money to hire a good estate planning attorney who can set this thing up. And if they've already hired that attorney to do their estate plan, if they're that set against their kids getting the money and property they probably have it set up so that the kids aren't next in line if OP declines the inheritance. Also, OP? I'm confused about "aunt and uncle (siblings)." Who is whose sibling here? The aunt and uncle aren't brother and sister who have kids together...right? ;)[/quote]
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