For those who have open communication with your family about money, how much will you

Our family is very tight lipped.

My dad passed away 4 years ago and I was managing his finances at that time...so I knew every detail of what he had...but he never discussed his will. Died suddenly, left everything to his wife (my stepmother). She gave each of us kids $10,000 and is now giving each of us up to the gift limit (I think it's $15k) annually but has told us she re-evaluates annually and will give when she can afford (which should be most years unless she lives to be VERY old).

I don't plan on getting any more...so when I do get $15k we spend it on something nice like a vacation and I know my dad would be happy about that.

Without knowing any more details, it sounds like your stepmom is being very generous. But you know the amounts to assess whether or not it is.

That said, he had reasons for his will.
 
Back
Top Bottom