His Parents Asked Him To Serve As Guardian For His Brother’s Inheritance, But He Refused Because He Thought It Would Make The Relationship Bad. Now His Parents Are Angry When He Didn’t Do What They Asked.

Home planning is important for everyone, but it is especially important for those who are healthy.

What happens when you’re asked to act as guardian of your sibling’s estate, but you know it’s going to get weird?

That’s what the boy in this story has to deal with, and he’s wondering if he’s done it right.

Look.

Meaning: I am (45M) I have one brother (40M).

Sounds like a very blessed family.

My parents (71M,F) both had successful careers and accumulated enough wealth to do estate planning.

I’ve been very lucky and have had an amazing financial career that has left me richer than them (that they know, almost).

My brother and his wife both work for non-profits, but they’re climbing the charts at various organizations and have a decent middle-class income.

My parents have helped them from time to time, for example by paying for a house when they got married and private school tuition for my youngest niece.

There is nothing wrong with that.

He likes to shop and spend a lot more money than me – but I live an unusual life.

My brother and I have a good relationship, even though we live on opposite sides of the country, so we only see each other a few times a year.

When my parents finished visiting me, they pulled me aside to tell me about their property plans.

They are willing to leave everything to my brother and his family, because I already have money and because they don’t want a big difference in wealth between their sons. two.

I’m fine with that.

It’s their money, of course; I don’t need anything; and I love my brother and his family and I want them to rest.

I told my parents that – so far so good.

This is where it had a problem.

Bad idea, this WILL cause problems.

The parents said, “it’s a lot of money and we don’t want it to go down [Bro’s] thigh So we create a trust to receive money, to benefit [Bro] then [nephew]. We want you to be a Guardian. ”

I told them that was impossible. I don’t want to control my brother’s finances. It seems like a way to create conflict and division.

If I just let him do what he likes and the money is wasted, he might be angry that I didn’t invest it better or exercise more control; if I am careful about payments, he may resent my “heavy hand”.

I also told them that although my brother is not who I am, he is far from irresponsible with money (or in general).

My parents behaved badly. They said it was no big deal.

I said, in fact, it is a big request for me to act as Trustee for who knows how long, and that the only reason for not getting an inheritance should be that I does not require participation in it. property.

I offered to refer them to a professional trust company.

They accused me of refusing because of jealousy.

It’s not necessary, but I can see why he did it.

That was too much for me, so I pulled out my bank account and showed them that what was sitting in my checking account was next to their property. (to be honest, I had just received a large computer cable from my factory, so it was unusually large -but, lo and behold, I was angry at their accusation and I want to refute it as quickly and convincingly as possible).

When we parted, there was a little tension and my mother said, “No, I think we were wrong to think we could trust you.”

Now I think maybe I just have to absorb it and do it.

FATHER?

Well, showing off his wealth wasn’t the best idea, I get why he did it.

Let’s see what people in the comments thought about his plan.

It really doesn’t make sense.

Anyone would be uncomfortable here.

Well, how could this not make it difficult?

These comments recommend getting an attorney.

This person suggests that it is an insult to our brother.

Bankers be bankers and brothers be brothers.

Everyone will be happier that way.

If you thought that was an interesting story, check out what happened when a family offered their mother-in-law a free place to stay in exchange for taking care of the children, but things changed when they not lasting at the end of their purchase.