Received inheritance check from estranged parents. What should I do?
I don’t feel like I deserve the money. I don’t know what to do.
Dont jump to conclusions. Create a trust, put the check in it. Invest. And then figure it out later.
If you want to turn it down entirely and the amount is large... contact their lawyer. Regifting it has very different tax consequences than refusing the bequest if the amount you'd be regifting exceeds the gift tax limit. Do you have minor kids? If so, split the money between them in a uniform gifts to minors or 529 account - or a trust if the amount is large. They can benefit from it when they're older. If you don't have kids, do you have any genuinely needy family members? If not, donate it to charity.
Stash it and figure this out later. You can give it to a charity if you decide you have ethical reservations. An immediate action is not needed at this time. Focus more on the root problem which is your unresolved relationship with your late estranged parents. That has nothing to do with money.
Do you know if they intended to leave you the money or was it because they had no will in place? If the former, there should be no ethical qualms. They wanted you to have the money for one reason or another. Honor their memory and accept the gift.
I don’t know if there was a will. I got a check in the mail, with some childhood photos, and no letter. The money is from grandparents.
You're an idiot. One, why is this relevant to LinkedIn and necessary to post here? And 2, unless there is some string attached to the money, cash/deposit it and move on. If they're really "estranged" then it's no issue.
I'll take it.
How much did you get
i can take it if you really don't want to have the money. 51% of it will go fwd to charity.
Take the fucking money. Honor your parents. You will never be able to replace them, estranged or not. Even if they werent the best, say thank you. Donate it to charity or something later.
Must not be a lot of money. I too have received a check in the mail for $.03 once.
Probably not as much as the inheritance you’ll get google, probably because I didn’t have the privileged upbringing you did
Nope, just a hard working self made 1st Gen immigrant with no inheritance checks coming. But go ahead, pity yourself, blame Trump or whomever for all your troubles.