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Reply to "Father passes away and leaves $ to grandkids...sibs are not following wishes...."
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[quote=Anonymous]Very same thing happened in my family. The siblings/parents were all grown adults with college educations and most owned homes already when their father died. All of the grand kids (30 in total!) are now adults and everyone has turned out ok, but there has been resentment among the cousins. The grand kids whose parents spent the money are very jealous of those of us whose parents saved the money to pay for college/grad school/weddings/house downpayments or whatever. The parents who spent the money largely wasted it - spent on failing businesses, bought fancy houses that lost value in the market, blew it on cars etc. My grandfather knew they would waste the money, which is why he left it to the grand kids! My dad was very critical of his siblings but ultimately decided not to try to pursue legal action. The whole thing caused a big rift in the family anyway, and now it's spread to jealousy and unequal opportunity among the cousins. Hard to say if you should try to pursue legal action. It might irreparably damage the relationship with your siblings. But left as it is, it's unfair to your nieces and nephews who will probably grow up to resent your kids. Good luck to you either way. [/quote]
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