Reply to My Parents are considering leaving our inheritance to charity

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It's their money, but a financial advisor or attorney could sort this out  so you wouldn't be the "entitled" daughter.

They could leave it for your brother in a trust.Either you or a lawyer could be a trustee, so your brother couldn't drink or snort it up. If your family/children have any serious health issues this money would be important and potentially life saving.  I wish you luck.[/quote]

This is what my parents have done in their will. My brother is not really messed up, but he is the only one not married (early 50s) and has a history of not being that responsible with money. My parents are afraid he will just squander every cent of his inheritance, so they have it written in the will that my sister is the trustee of his money, and he will essentially need to get "approval" from her before he uses the money for anything.[/quote]

I would be horrified by this arrangement.  This will pit siblings against each and cause conflict.[/quote]

ugh.  How is a sibling supposed to determine if the irresponsible sibling is spending their money wisely?  He could ask for money to fix his car, I could give it to him and he could spend it on hookers.  How the heck could I control what a grown man does with money?

If this was a sibling with downs or a serious handicap that's one thing.  But please don't put me in charge of babysitting another grown up. Udh.[/quote]

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