If you won big on the lottery?

[Feelingtired75]

And gave your brother 5 million for him his wife and their 2 small kids.. Would you be OK with him then giving half that amount away to various members of his wife's family.. Who you had never even met!
Iam not sure where I stand on this.. On one hand once its given to him surely its his money to do as he pleases.. But on the other hand? I don't know. Wwyd?

Also instead of giving him straight cash you could buy things for your brother to make his life easier. Out of the £5 million buy him a house, kids private school & future education costs and the rest locked in trust funds for the kids.

Why do you want to control his life? If it makes him happier to share out his windfall, why shouldn’t he? Trusts for children make sense, but I would be extremely offended as an adult if someone gave me money that was locked up because they wanted to control how I used it. Give him a gift and don’t put strings on it. Especially not hypocritical strings: you are sharing out your windfall with your loved ones; why shouldn’t he do exactly the same?

I’d expect my brother to use some to help his fiancé’s family out. Who wouldn’t? I don’t think you can give money to people with stipulations on how it’s spent

If I won big on the lottery, I'd like to establish a trust for my village that rewarded educational success with a financial bonus for every GCSE grade 5 or better, and more for a decent A level, and then a decent chunk towards paying off the costs of a degree level education. With a secondary plank that also rewarded successful completion of trade qualifications, at equally generous repayment of fees incurred.

Why would you give your brother 5m and not think he'd share it. I won £75 once and gave my sister £25 of it. If I had 5m she would get half

I think the worry the OP has is if her brother spends £5 million on luxuries and others & then coming back for a top up. That would be my worry too which is why I'd put it in trust funds etc.

@DavidsSchitt

"Same as if you’d feel a bit aggrieved if it was pissed up the wall with nothing to show for it!"

I wouldn't. If they enjoy blowing the lot then it's theirs to do that with.

Lucky for you I guess that you don’t have a completely dysfunctional family member that would spend it all then maybe turn to crime and the state for more money!

To be clear, I personally would share with family and would be more than happy that they shared with their wider friends and family. But I have read threads on here where if that was my family member, I would feel very upset.

Put it in a trust, this is exactly what they are for. Well that and avoiding taxes.

I think the OP needs to tell us more about her brother. From the 5 million would he perhaps slice off say 1.5m to pay outstanding mortgages, student loans etc., to his in-laws.

Perhaps he is going going be partying - chartering jets, buying all and sundry supercars and diamonds? And then come back later having spent the money.

You know him better than we do

Id think it was very sweet and thoughtful.

I wouldn’t be giving any money to anyone in the first place. Just causes too many problems

I'd be OK with it. If someone gave me 5 million I'd split it with my best friend! Once you give something away it's for the person you give it to to decide what to do with it.