Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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.

I'm not following why you're mad at your brother if he tried to make things right?

Anonymous wrote:

Anonymous wrote: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.

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Op, your mother didn't want to burden you and your brother.
This is her way, right or wrong....
She is giving your sister the power and relieving the burden from you, killing two birds with one stone!

*the power meaning maybe your sister always felt unloved so with $ all going to her now, it's your mom's way of saying to your sister "you need to snap out of it!!!"
Speaking from her grave to your sister, I'm just guessing. She also knew money don't buy happiness.

I think this is correct. OP and her brother don't need to care for the sister and won't be stuck with that burden. Sister is taken care of until she dies, and maybe feels positive about this development. The two successfully launched kids will be okay.

I wouldn't have made her the sole heir but I think it's inevitable that it would be significantly uneven. Even $1 million would not have been sufficient if your sister lives a long time.

“Taken care of?” That money will be gone in 3-5 years.

How wil it be gone? If it's parked in bonds shes making ~$196,000 a year without touching the principal. She owns her condo. Utilities and hoa fees might be $500 a month How will a morbidly obese shut in spend the other $17,000 coming in every month?

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If the mother truly wanted to avoid problems for OP and the healthy sibling, she would have created a trust with an executor who was tasked with ensuring the sister's well-being for the next 40 years or whatever. That person could have made sure she had a safe home, healthy food, healthcare, recreation, etc... for the rest of the loser sister's life.

The mother was either out of her mind or just wanted to send a FU from the grave to OP. Some people are just plain mean and stupid.

Maybe the mother had never heard of this. Op could sure the estate to make sure a trust is established for her sister.

* I specifically mean sue to have the $4.5 million put into a trust for your sister. Not sue to take the money for yourself. That should pay out about $12-15k per month pre tax and she will need it for health insurance and living expenses

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.


Can you please elaborate on the tax implications? I of course believe that there would be but have no idea what that means and I may be in a situation someday where I would need to know to make things right.

Anonymous wrote:I don't even know what to think. My brother and I were completely cut out. There was no drama. Where do I start to unravel this?