I like to believe that I would pay off mortgages for immediate family, and buy a house for any immediate members who don’t have one. If I have some left over I would think about extended family and friends.
I really shouldn’t respond to this since I’m just rehashing up one of the stupidest arguments I’ve ever had. but, what you said is actually pretty close to what my position was. we parted ways when it came to the more distant cousins. I suggested a cool hundred K USD out to second cousins 'cause, after all, 300 million doesn’t buy as much as it used to
but surprisingly, it didn’t really matter because we didn’t win the lottery. imagine that. /s.
My lesson learned was that arguing on principle isn’t usually worth it
I’d make trust funds for them and make it clear that this was it. If you give them cash they will hate you because you gave them only $1,000,000 a year ago and didn’t give them more this year.
I like to believe that I would pay off mortgages for immediate family, and buy a house for any immediate members who don’t have one. If I have some left over I would think about extended family and friends.
I think I’m with your wife on this one.
I really shouldn’t respond to this since I’m just rehashing up one of the stupidest arguments I’ve ever had. but, what you said is actually pretty close to what my position was. we parted ways when it came to the more distant cousins. I suggested a cool hundred K USD out to second cousins 'cause, after all, 300 million doesn’t buy as much as it used to
but surprisingly, it didn’t really matter because we didn’t win the lottery. imagine that. /s.
My lesson learned was that arguing on principle isn’t usually worth it
Oh, when I said “I’m with your wife”, I meant physically. No way do I agree with her.
HA! sick burn
I’d make trust funds for them and make it clear that this was it. If you give them cash they will hate you because you gave them only $1,000,000 a year ago and didn’t give them more this year.
Oh no, no cash. Just a large asset that will appreciate, and that’s it