What should I do about money Dad asked me to keep?

[foel]

Starting to worry about sorting Dads finances now....
Dad gave me over the years "some" money to look after which went into a savings account if he ever needed it. All because his saving was building up and up and it was affecting his pension credit (yeh I know).

He said a few times "if I ever go, just keep it".

Not sure if I can do that. Its just not me..... Not a huge amount a few £1000.

To be honest, I'm not saying anything for a little bit because I'm sure my brother will try to rip me off with the will etc. Also, Dad always used to keep cash in the house in hiding places which he must have told brother too. When Dad went into a home I was going to take it and pay into his bank...... All gone prob over £1000 - I know where that went!

BUT I'm not my brother and never want to me. WWYD? I've got family and friends saying keep it you were the one that visited, petrol money, spent hours sorting things out (2 years 2 visits to care home for brother). Doesn't sit well with me though ......

I am thinking of giving half to his kids if I can find them (he doesn't see them, 3 kids 2 mothers, pays CSA when hes forced to). And half to my kids.....

I know if it went to him it'd just be a few more £1000 which would get spent in the pub in next few months which dad hated him doing.

I really don't know.

Keep it, your Dad wanted you to have it

Keep it!

Your dad told you to keep it

He said a few times "if I ever go, just keep it".

I think it's very obvious what he wanted.

Is there a will?

Keep it and use it for quality time with your family. Sure you dad would love that.

This. Your dad knew your brother, this was hiscway of evening things out so you didn't lose out too much to your light-fingered brother. He wanted you to havecsomething, too.

I'm assuming it is in a savings account in your name, and he told you to keep it, so keep it. That's what he wanted.

You can give away up to £3000 every year tax free plus small gifts and regular gifts. Your dad has given this money to you. Whether he said you should spend it or not is immaterial, he gave it to you and you had no written agreement that it was a loan. You know that he did not want it back into his estate in the event of his death.

You have no legal or moral grounds to declare it and pay it back to his estate, there's no reason to.

Keep it as per your dad’s wishes.

Your dad was perfectly entitled to make “lifetime gifts” to whoever he wished whilst he was alive. This is what he did. The money wasn’t in his account when he died and won’t be considered as part of his estate.

Keep it.

Definitely keep it.

Your dad gave you the money OP. It's yours. Enjoy it.

Your dad was crystal clear. He wanted you to have it.
Why aren't his wishes important enough? Thats what you should be asking yourself.

Keep the money. Save it or do something with it. Your dads wishes and feelings were explicit.

Sorry for your loss. 💐
Your dad gave the money to you, so keep it. And enjoy it in good memory of your dad.
(He may have also given money to your brother, that your brother is not telling you about, you may never know.)

Keep it.

yes 50/50

Well it wasn't to me - it was for me to keep safe....

Fair point mind- he may have done the same to brother of course.

to be honest though its more than I think he knew. He lost track I think....

maybe. Never thought even my brother would do something like that though?

I just don't want to be like him if that makes sense. Went through his stuff recently the other day - found £20 in an old wallet that brother must have missed. I feel bad if I keep that!

Sorry for your loss OP. I agree you should keep it and no need to feel guilty.

Your dad said to keep it but you want to go against his wishes and ask random strangers on Mumsnet what to do? Why don’t you just listen to what he said? I’m so confused. How are random people on Mumsnet going to tell you what you should do with the money better than what he wanted you to do with the money?

You being extra good sharing what you were told to keep while your brother is being doubly bad by taking cash from your father's house does not make things equal.
You were told to keep it. Do not disrespect your father's wishes. It was gifted to you and is not any part of his estate.

What rules are you referring to here re: giving away £3000 a year please?