Reply to Mother Left 4.5M Estate to Unemployed, Alcoholic Sister

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[quote=Anonymous][quote=Anonymous]I'm shocked two siblings were cut out, but nothing you can do about it but move on with your life. You could try asking your sister to share some of it (I definitely would share), but probably unlikely in this case.[/quote]

There are tax implications to inheriting something and then attempt to gift it or give it to others who are not a non profit.

My childless aunt hit it off with my SIL, who then finagled being her will executor and 100% inheritor! My brother tried to give us some or half- who knows but we immediately cut them out of our estates and wills line up - but over the annual 19k per year gifting it was going to be taxed a lot. You could go on a spending spree for them then or every year…

Big mess. Big family harmony disruptor.
No trust left.

Last thing I said to my brother was how would he, his wife and his four kids feel if we deliberately gave only one of his adult kids $5m?

I said that, listened at the silence, and left the room and building. [/quote]

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