Reply to Relatives promising inheritance I don't want

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[quote=Anonymous][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]

I still think OP should be VERY clear with Aunt and Uncle that they plan on declining. OP already made up their mind. This lets Aunt and Uncle know they should have a clear plan B and C and D. It would be a shame (and frankly dishonest IMO) if the money wound up going somewhere Aunt and Uncle explicitly didn't want just because OP doesn't want drama.

I have takers in my family, so I understand Aunt and Uncle's sentiments. I'm sure there has been a lifetime of actions leading up to this decision. It's not just "ungrateful kids! not working hard enough!"

Also, I thought it was clear that OP was pointing out that Aunt and Uncle are not married, they are siblings in similar situations with deadbeat kids.[/quote]

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