'‘I’m already feeling guilty’: My uncle is leaving me a large inheritance, but excluding my siblings. Should I gift them money every year, or set up a trust?' The Moneyist weighs in:
I am soon to inherit a sizable sum of money from an uncle with whom no one in my family still speaks; I’m the only one who has stayed in contact with him. While it seems a bit grotesque to think about money while someone is on their deathbed, this is a large enough sum that I need to plan for how I will save/invest it.
You feel guilty enough about inheriting this money while your two sisters are left out in the cold; don’t feel guilty about giving it away too. If either sibling protested the manner in which they received the money and felt like you were “lording” it over them or in some way making them feel “less than” they could always refuse it. You can’t control how other people react or feel, so don’t try to do so. You can only control how you feel. Guilt should not even be on the table.
I think what you are doing is noble, and a welcome change of pace for this column. Some members of the Moneyist Facebook Group had less magnanimous opinions on your predicament. One wrote: “Your uncle excluded your siblings from his will because he has no relationship with them. You should respect his desire not to give them his money.” Another said, “Don’t give them a dime.
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