Inheritance query. Is sister being cheeky or is it me?

[IndeterminateCaptainNoises]

Our lovely dm died some years ago. Everything spilt 50-50 between DSis and I. (Some money left directly to the grandchildren) . Recently we have been made aware of some more money (approx £800) coming through a policy that's matured. I was thinking even split but dsis wants to use it to buy things for the children. Aibu to say she can spend her half how she wants but I want my half?

50/50. Continuing the spirit of the will.

Thanks all.

Do tbe terms of the will still supply than? Dsis wants to spend the money on gifts for the children, and her dh is definitely not snagging his way around europe! My half of the money would help dp and I with some unexpected expenses.

50/50 just like everything else. Do you both have kids or only her?

Apologies that was meant to say do the terms of the will still legally apply.

If only I could spend the money on unlimited Nutella!

Yes, it's part of the estate so the will applies.

As pp yes estate and 50/50. Just her children op? Tough. Your Mum, God rest her was fair.

Op, I think her husband is playing away.

I'm usually right

How was the estate of someone who died some years ago not properly settled to the extent that a "policy" is still outstanding? Did the executor not notify the policy provider? Probate will need to be updated!

Yes the terms of the will still apply (assuming you are in the UK)

Do check if probate needs updated

@VanGoghsDog

How was the estate of someone who died some years ago not properly settled to the extent that a "policy" is still outstanding? Did the executor not notify the policy provider? Probate will need to be updated!

There’s now an obligation on companies to try and actively find people who have forgotten or lost policies. So there are a lot of cases like this atm.

It doesn't say they didn't know about it or had lost it, it just says it has matured.

Does DSis have more children than you?

What sort of policy is it? If it's part of the estate then the terms of the will apply (and the estate may have to be reassessed for tax purposes). But some policies do not form part of the estate, things like life insurance policies, for example, or policies with a named beneficiary or survivor. In those cases, I believe, the provisions in the policy will be followed with the ultimate decision normally resting with the trustees (i.e. the company the policy is held with).

@VanGoghsDog

It doesn't say they didn't know about it or had lost it, it just says it has matured.

If they knew about it at the time it should have been dealt with at the time. Death of a policy holder is normally a triggering event allowing for the policy to be settled or passed on to someone else.

I'm not OPs sister. My mum is very much alive, thankfully. I do have one Dsis and I can't imagine us getting into this which is why I wondered about any factors which may need to be considered.

It should be split in half but if you and your sister are fighting over £800 then you have bigger problems.

@limitedperiodonly

It should be split in half but if you and your sister are fighting over £800 then you have bigger problems.

£800 is a lot of money to some people.

But… why would she even assume it’s all hers? Just say when is it available, our half will really help with recent expenses. She has £400 to spend on her kids ffs why should she expect 800??

Yes of course the Will still applies. The policy and therefore the money is part of your Mum’s estate!

@JackieWeaver101

The £800 must be distributed according to your mum's well. It is not a matter of opinion.

From what you stated above, the will stated 50-50.

This.

Is she always this entitled? I don’t understand why she should think for a minute she’d get to keep it all the will said 50/50 not 50/50 unless anything else pops up later.

Definitely split it why should the greedy sister get it all. Her choice to have children and why should you lose out. Just tell her no it is to be split between you both and tell her she is been unreasonable and selfish.

Of course it is a 50:50 split, legally and morally. As you say she can do what she likes with her share but not with yours.

Sounds like my CF sister who suggested my fathers estate be split 3 ways between her, her son (my nephew) and me when it was 50:50. Sadly it did negatively impact our relationship.

I don't understand the problem. She is more than welcome to spend her half of the £800 on gifts for her children. I'm guessing you don't have children? In which case she is very cheeky.