Money may not necessarily be the root of all evil, but it can bring out the worst in people. It can blind morally upright individuals into doing something unethical, turn a person greedy, or cause strain among family members.
The story you’re about to read is an example of the latter. Here, a woman who took care of her ailing father until his death was due to receive a hefty inheritance from him. However, it caused a problem with her sister, who wanted a large chunk of it to be spent on her lavish wedding.
Worse, their mother joined in on the fray when she called out the woman’s “selfishness” for refusing to give in.
Money can, unfortunately, create tension among family members
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It happened to these two sisters after one of them was due to receive a large inheritance from their late father
Image credits: Extension_Gold_3149
Inheritance disputes arise mainly due to the conflicting definition of “equity”
It’s easy to think that inheritance disputes are primarily driven by greed. However, experts say that it is mainly due to how family members define equity.
A 2018 survey by Merrill Lynch and Age Wave revealed that two-thirds of Americans over 55 believe that the children who acted as primary caregivers to their parents should receive a larger share of the inheritance.
For some, the larger piece should go to the child who has a disability, while others believe that a son and daughter with offspring of their own should receive more.
“Caregiver equity” has been one of the most prevalent causes of inheritance disputes among siblings, as seen in the story. As Boston-based estate lawyer Harry Margolis tells the New York Times, it may create an impression that the caregiving child took advantage of the situation, leading to tensions within the family.
“Some families are fine with that — ‘Joan stayed home and took care of Mom and Dad, so she should get the house,’” Margolis said. “Others may say, ‘Joan saw a good thing and she quit her job and then got the house.’”
According to a 2023 report, around 2.6 million probate cases are filed annually in state courts across the US. To avoid being part of this statistic, estate planning attorney Tamiel Holloway encourages taking proactive measures. As he tells real estate broker Matias Baker Masucci in a LinkedIn interview, parents must be transparent with their reasons behind their decisions. Holloway also advises taking feelings and expectations into account, even if difficult conversations are necessary.
“The best thing you could do is name all potential heirs and share the reasons with your estate planner, even if it’s a little embarrassing,” Holloway stated.
Based on the author’s account, her father didn’t seem to provide a clear explanation as to why she received the money that she did. However, the sister is clearly in the wrong for wanting someone else to shoulder the expenses of her lavish wedding. To make matters worse, the mother got involved and exacerbated the situation.
It may help the author to distance herself from her toxic family. She shouldn’t feel guilty about not wanting to share the money, which would be put to better use, after all.
People in the comments sided with the author, with most of them encouraging her to stand her ground
Image credits: LightFieldStudios / envato (not the actual photo)
The woman provided an update, revealing some shocking details that added insult to injury
Image credits: Extension_Gold_3149
Commenters showed their support as others offered their advice
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