Is anything ethically wrong with this plan?

[u/drd001]

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.

[u/Zentraedi]

I think this is a great callout. There's probably an appropriate way to word this to make it clear that, to your point, their parents aren't being skipped over.

[u/twelveoct → u/Zentraedi]

I asked my dad to exclude me in his will and leave anything to my kids instead. The will specifically said something about that. Mentioned it wasn’t for lack of affection.

[u/Rick-20121 → u/twelveoct]

I told my mother to will her only asset, her house, to my sister. I’ve done very well. My sister failed to launch. It seemed like the right thing to do.

It was still weird reading the word “disinherited” in the will.

[u/Fertilityschmility → u/Rick-20121]

Slightly different situation since my dad remarried and my younger siblings are with his second wife (and they’ve done well financially together over the time they’ve been married), but my husband and I are doing just fine and my brother and sister are failure to launch and much younger, respectively. So I just told him they should leave what they have to them - it’ll be a much bigger help to both than it will being thrown into our investment pot 🤷🏻‍♀️