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Reply to "Elderly father destroying family harmony & his legacy in pursuit of inheritance"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My father is 78 and his brother is 79, almost 80. It is impossible to stay out of it because my father tells everyone that the money is for his children. He writes pages long emails to the entire family about how he hopes we will use the money. For context, each of my siblings would receive about $3,000 before taxes. I[b]t isn’t a fortune. Maybe we could go on a nice cruise? However, we would lose out on our uncle and cousins at holidays, weddings, and other special events like religious milestones. Everyone would know the reason for the rift.[/b] I feel ashamed even thinking about it. I was not raised to think money was more important than family. [/quote] Your entire family would shun you and your siblings if your uncle has to pay the money he legally owes your dad? Your. Father. Is. Not. The. Problem. Here!!![/quote] NP here and it's not entirely clear to me that the uncle legally owes the money to the dad. OP's father should have made his claim at the time the estate was distributed but now the estate has been settled (although it is unclear how many years have passed since the estate was settled so it may still be within the statute of limitations to file a claim for the funds) OP's dad may not have a further right to dispute the distribution of the estate. I think would be worth your dad's time to spend $200 on a consult with an attorney that has a background in trusts and estates law. I completely agree with all of the other posters though that morally your dad is in the right and morally your uncle should pay your dad 50% of the gain on the investment. I also agree that it is insane that the cousins are threatening to estrange themselves from OP and others in the family when their father (?) effectively stole money from the estate.[/quote]
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