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AIBU?

to think that no I don't want to share the money equally

152 replies

bassingtonffrench · 29/11/2013 13:58

my DH's very wealthy relative has being giving away a large collection of rare coins / medals to all her friends and relatives. We have received one as have his two siblings. They are not of sentimental value and were bought as an investment. I think it is a bit of an inheritance tax dodge. Anyway, various people have sold them and some are worth a lot more than others, but this is not at all obvious until they are valued. I think they were given fairly randomly but I'm not sure.

Anyway, I asked MIL if she would like to look into selling ours (she had sold hers some time previously so knew what she was doing) and she said yes. unbeknown to me, DHs siblings also decided to sell at this point.

much time passed. Then SIL called saying ours had been valued at a bit more than the other two, around £3k, did I want to sell? I said yes, defnitely.

The medals have now sold

Ours £4k
Siblings, £3k and £2k.

FIL then suggests it would be 'nice' if the money were shared equally.

I am a bit annoyed because

a)I thought the medals were given in the spirit of a lottery and I actually quite liked the idea of it being a bit of a gamble

b)this idea was never suggested when I agreed to value and sell, and had it been I may well have held onto the medal for a few more years and then sold privately

c) siblings have no dependents whereas we do

to my knowledge, this is not being pushed by the siblings, more the parents, who feel it is the 'right' thing to do.

I feel i have no choice, but AIBU in feeling a bit put out about this?

OP posts:
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PrincessFlirtyPants · 30/11/2013 20:21

bassingtonffrench you are welcome, I was only raising the potential IHT issue just so you were aware of what you could be up against in a few years. I can understand why you want to bow out of it now. Smile

To be clear, oldgrandmama my original point to the OP was that the value of the coin is still counted as part of the relatives estate for IHT purposes. But, the tax could be taken from assests that are still in her name at the date of death.

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PrincessFlirtyPants · 30/11/2013 20:21

*assets

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