Dear Quentin, I am 46 and single. I have a good job and own my own home but live modestly. I have been fortunate not to have had to ask my parents for anything over the years. My brother and sister, by contrast, have done so, and often. My parents are comfortable, but not wealthy.
My brother lives in New York City, and he is always in need of money. His finances are unstable, and he has a child and a high-maintenance wife. My sister is in an unstable marriage and often needs help. My parents have had to help them both substantially over the years. I am concerned that my siblings see my parents as an endless source of money and that there will be nothing left. While I certainly do not feel averse to helping my brother and sister out in times of need, I feel that I am watching my inheritance evaporate before my eyes. I am on good terms with them now, but I wonder what will happen when my parents pass. Concerned SonDear Concerned, An inheritance is only an inheritance when it lands in your bank account. Let’s start with the good news. You are financially independent, you have your own home and you live within your means. You can also make sure you con …