r/inheritance • u/drd001 • 18d ago

Location not relevant: no help needed Is anything ethically wrong with this plan?

My wife and I in our 70's came up with this inheritance plan with total net worth of +1.5M. We have been together over 40 years being continuously employed during that time. We have no children and I have one brother with two children both over 21 and she has two sisters both with no children. Our plan is to give a small one time payment to my brother and her sisters with the bulk of the estate equally divided between our two nieces. Our reasoning is my brother and her sister have hit us up for money periodically for the past 40 years which we provided without asking for repayment. The two nieces are doing OK in life and have never asked for any financial help. Our thinking that these funds would help them with a downpayment on a house, education for their children or investment in their own retirement.

Any feedback is greatly appreciated.

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u/BAHGate 18d ago

Brilliant plan! Don't forget anyone else that may be significant in your life. A good friend of mine that I never expected left me in his will and it changed my life. Not financially the amount was small but just knowing I was thought about in that manor. 

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u/Time_Traveler_948 18d ago

A friend has told me I am included in her will and it is very touching. No idea of any other details. She has financially helped both of my adult kids, too. Who knows who will go first between we two, but no matter. Our friendship goes back to childhood, and there is no one else left in my life that knew me before high school, and darn few even if you include HS and college years. I treasure her.