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Parent Emeritus
Got the ball rolling on changing my will
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<blockquote data-quote="LauraH" data-source="post: 739010" data-attributes="member: 22877"><p>I trust my son's intention's but I don't trust his behavior and decision making. Just the other day I sent him $50...it was his money from when he participated in some kind of research study but they only paid through Paypal so since he doesn't have an account he had it deposited to mine. Anyway, it was his money and really none of my business what he did with it, but he said he needed it to get his medications. Two days later he called asking me if I could send him money to get his medications. I didn't ask him what he had done with his $50, just told him I couldn't help him. If he got $5 or $10k in a lump sum it would be gone within a week or two and he would have absolutely nothing to show for it. </p><p></p><p>My niece doesn't want anything from me. She makes more in a month than I make in a year. But I just had a thought that I need to ask my attorney. Would she be liable for any taxes on the money? If so, I will absolutely tell her, if nothing else, to deduct that from whatever will go to my son.</p></blockquote><p></p>
[QUOTE="LauraH, post: 739010, member: 22877"] I trust my son's intention's but I don't trust his behavior and decision making. Just the other day I sent him $50...it was his money from when he participated in some kind of research study but they only paid through Paypal so since he doesn't have an account he had it deposited to mine. Anyway, it was his money and really none of my business what he did with it, but he said he needed it to get his medications. Two days later he called asking me if I could send him money to get his medications. I didn't ask him what he had done with his $50, just told him I couldn't help him. If he got $5 or $10k in a lump sum it would be gone within a week or two and he would have absolutely nothing to show for it. My niece doesn't want anything from me. She makes more in a month than I make in a year. But I just had a thought that I need to ask my attorney. Would she be liable for any taxes on the money? If so, I will absolutely tell her, if nothing else, to deduct that from whatever will go to my son. [/QUOTE]
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Got the ball rolling on changing my will
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