(Original post by Anonymous)
Recently an aunt of mine passed on and left her estate to me in its entirety, she never married or had any children of her own. She was my mother's 3rd sister and as none of her other sisters have any children she left it to me.
A part of the money in the estate was inherited from my late granddad, he had a wife and a mistress, of which he divided the estate into 60:40 of which 40% went to my grandma who was his mistress. After his passing on we never kept in touch with anyone of his other family as they hated us with a passion as they perceived that the division of the estate was unfair since the wife had 8 children while my grandma had 4, in any case they never liked the grandma anyway.
My grandma wasn't into money, a few months after the granddad passed on, she called for a meeting with all her children and gave them in equal portions the money she had inherited as she felt they had more use for it as she was already up there in age and she couldn't take it with her. She did make a provision that any extra of that money they should pass it on to me. The grandma also passed on a few months after that and since the only thing left was her jewellery, some savings and her house and this also went to all her children. At that time there was a big huge dispute between my grandma's children and the children of the wife of my granddad who claimed they should have a share of the house and jewellery as well as the money from the granddad. As far as I know nothing was given to them.
Now fast forward today, my cousins, there are 16 of them who are wanting me to share what this aunt had given me that was from the granddad, in equal portions since they too are her nephews and nieces, except neither of them had spoken to her since our granddad passed on. On another side there are the 8 uncles and aunts who are asking me to hand over everything, not just the money from the granddad but also the assets she had left to me, some cash savings, a car and a house plus the usual possessions. They are saying the money is their dad's and this aunt was their sister so they have more rights to it than I do.
The 60% of the money that went to the granddad's wife was given to her 3 sons while the daughters received things like jewellery and some small token amounts. All that money had long since been squandered away spent on things like expensive holidays, a yacht, fast cars and other useless junk that are today of little value.
My mum is saying maybe I should split the money that was originally given by the granddad (now about 1/3 of the estate) with the 16 cousins since the money was from their granddad too and essentially they would get nothing as their parents no longer have it.
Another aunt is saying that maybe I could give 7 of the cousins some money as they are children of the wife's daughters who essentially got nought from the granddad. This idea is vehemently being opposed by the other 9 cousins.
The other aunt is telling me that a will was made for a reason and as she was the closest to the deceased aunt I should honour the contents of her will and use the money wisely rather than give it to the other aunts and uncles who would most likely squander it within a week and the other cousins never even saw her a single day but only would get in touch because there was monies to be gained.
I told the aunts and uncles from the granddad's wife that I won't be giving them anything and they have since been hounding my mum constantly asking her to tell me to hand over the estate. While my cousins are also hounding her on a daily basis with some going to see her in person at her workplace.
As a compromise, I came up with the suggestion that 4 of the cousins who will be starting uni this year I would when they graduate take money out and pay off their student loans, while those who are currently renting I would pay a small deposit towards a house for them. All 16 of them are saying this isn't enough as essentially I'm still retaining most of the money.
I was planning on giving most of the money away to the university in which the aunt graduated from for clinical research as she was a doctor and surgeon. It was also something she did do quite often on her own when she was alive, in fact I'm surprised she didn't alter her will towards this purpose.
What would you do in this situation?