Anonymous wrote:Anonymous wrote:Op, they are in college, I think it is fine to reach out to them directly. Do you have relationship with them? If so, meet with them for lunch and ask them directly.
You are doing the right thing by being fair.
Good on you!
Thank you! They are away in their college towns. This gets me thinking though. I could wait until Thanksgiving when they might be home.
We have not traditionally done things one on one as they are just past being minors and, previously, mom controlled all the interactions. So, having lunch would be a first. One way this might work is to involve the child of mine who is most in touch with them....maybe my child could attend the lunch? I will think this through some more and maybe I will involve my kids after all.
Thank you for the help and kind words! Yes, I am fair even though they have been told I am Satan. LOL
OP
Anonymous wrote:I would write everyone a letter establishing your durable power of attorney and that annual cash gifts are part of a comprehensive estate plan approved by a financial planner. Then just cut the checks. If the recipients are adults, you don’t need to do anything else. I would personally want to inform the parents barring a really good reason not to, but I don’t think you have an obligation to do that if they’re not minors.
Anonymous wrote:OP,
Why are you not distributing some money to you and your sibling in addition to the grandchildren?
You would get a distribution, your siblings would get one, and the grandchildren would get one.
Send out a group text,
"Happy Holidays, We are fortunate to gift everyone a cash gift from Mom's estate before year end. Please call me to get your banking information so that I can facilitate the transfer. Best wishes during the holiday season."
Anonymous wrote:Anonymous wrote:Do you have any contact information for the niece and nephew at all?
Yes. I could text them. However, I texted them for their birthday and they did not reply.
My children are also in touch with them, but I was thinking I should try not to involve my kids in this situation.
OP
Anonymous wrote:Anonymous wrote:Just be aware that you are risking even more damaging your relationships with your sibling. I personally wouldn’t bypass their parents.
Okay. Fair enough.
My goal here is not to let my sibling steal the money or threaten their child to give the money up. I definitely want the child to know they are getting this money. If their parent takes it from them, then they will see who their parent is for themselves, if they haven't already.
OP
Anonymous wrote:Anonymous wrote:Anonymous wrote:I would write everyone a letter establishing your durable power of attorney and that annual cash gifts are part of a comprehensive estate plan approved by a financial planner. Then just cut the checks. If the recipients are adults, you don’t need to do anything else. I would personally want to inform the parents barring a really good reason not to, but I don’t think you have an obligation to do that if they’re not minors.
This. However, if you were my sibling, I wouldn’t trust you due to your behavior and not accept the money. My kids would not either given how you treat me-them. Not a chance I’d give you bank account information. Send a check.
What behavior would you not trust?
It's my sibling who stole heirloom jewelry from my parents, and I am pretty sure they stole the monetary graduation present I gave their child.
Sibling has already accepted money in the past. They are very greedy, a hoarder, and want everything they can get their hands on. I have previously written them checks, and they asked, "Why is it not more?"
My parent chose me as executor for a reason. They know who visits and takes care of them and who does not.
OP
Anonymous wrote:Just be aware that you are risking even more damaging your relationships with your sibling. I personally wouldn’t bypass their parents.
Anonymous wrote:Anonymous wrote:I would write everyone a letter establishing your durable power of attorney and that annual cash gifts are part of a comprehensive estate plan approved by a financial planner. Then just cut the checks. If the recipients are adults, you don’t need to do anything else. I would personally want to inform the parents barring a really good reason not to, but I don’t think you have an obligation to do that if they’re not minors.
This. However, if you were my sibling, I wouldn’t trust you due to your behavior and not accept the money. My kids would not either given how you treat me-them. Not a chance I’d give you bank account information. Send a check.