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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

To not let my dad know how much money it is??

302 replies

Relunctanto · 21/08/2023 10:00

Have come into a life changing amount of money. After much thought we are going to put money away for the kids, make sure ddad is comfortable, just a sensible amount, and open a foundation with the rest and give as much away as possible to causes important to us.

We had to tell my dad because it's obvious that we have $$ as we're paying off the house, may move and I'm leaving my job to run the Foundation, and will be hiring staff etc. Plus I'd like to make sure he has a monthly income from it.

But we didn't say how much as he is an absolute blabbermouth! He can't help himself, always wants to know how much things cost, where they're from etc and tells everyone. He's an open book. Talks to everyone.

He livid that I won;t tell him the amount. Keeps making guesses, brings it up in every convo. Is irate that I told Dsis ( Because I want her to join the running of the Foundation so had to reassure her it will run for generations if managed properly and worth leaving her very good career for).

It's causing massive friction. Ironically the reason we're keeping it so private is money does cause problems and I have no intention of having anyone outside of a handful of people know.

YABU - swear him to secrecy, tell him he can tell NO-ONE the amounts involved. He'll understand the importance.

YANBU - He's not going to change now, he'll let it slip then our relationship will deffo be worse off.

OP posts:
Seaweed42 · 20/10/2023 11:28

My advice is do Absolutely Nothing with the money for a year.

I think Guilt is making you rush out and tell everyone how generous you are going to be to everyone.

Are you getting paranoid about others wanting your money.
You might start to question your friends and their genuineness.

I'm not being outrageous by suggesting you might go to counselling to manage the impact of this and work through your feelings.

Does it appeal to you to put your sister in this Foundation because you want someone to mind the money for you in case other people are untrustworthy.

If she doesn't want that job, then give her money to start a business that she wants to work in?

As the other poster said you can just quietly donate money to charities that you favour (there will be tax concessions on that too).
Help the people who have already done the hard work, research and set up the pathways to help people.

If it were me I'd go into property investment and refurbishing old houses so they can be lived in again. Or Housing Associations or something.

I'd like something hands on rather than just a bunch of accountants dishing out money and doing taxes.

RedSquirrelsRock · 20/10/2023 11:35

Zombie thread from August peeps. OP has left the building.

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