Her Parents Want To Take Her Inheritance For Themselves After News Of The Loan Forgiveness Dropped Last Week
This twenty-four-year-old woman’s great grandfather sadly passed away due to COVID-19 in 2020 at the incredible age of one hundred and seven years old.
Then, following his death, her grandmother was in charge of distributing her and her sisters’ “graduation presents”– which were essentially just a portion of their inheritance.
But, the portion is nowhere near small. In fact, each child was to be given twenty thousand dollars following graduation to help with student loan payments.
Then, as she and her two sisters grow older, they will be given more of the inheritance.
In turn, she recognizes just how privileged she and her sisters are to be starting out life with such a large chunk of change.
“I got very lucky in life for someone my age, and I am aware of this. I went to a private university with almost one hundred and seventy thousand dollars in scholarships and only had about thirty thousand dollars in federal loans after I was done and got my degree,” she explained.
She was even able to get her federal loans down to just eighteen thousand dollars via loan forbearance.
And now, since President Biden just announced his ten thousand dollar student loan forgiveness this past week, she will only have to pay eight thousand dollars of her original thirty thousand dollars in loans.
But, while she was over the moon about this, her parents basically became super pissed off. Instead of being happy that their daughter will no longer need to stress out about her loan payments, they believe she is actually no longer entitled to her grandfather’s inheritance.
Krakenimages.com – stock.adobe.com – illustrative purpose only, not the actual person
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Moreover, they want to take it for themselves.
“Literally all day, my parents have been harassing me to ‘give back my grandpa’s money,'” she recalled.
Apparently, her parents only found out that her grandparents would finally be handing over the money a couple of months ago since they were not expecting the last forbearance extension.
Then, right after President Biden announced the ten thousand dollar loan forgiveness, her parents called her grandmother again to see what they would be doing with her inheritance.
And that’s when they found out she already got it– and became super upset.
Apparently, they believe that with the salary she currently earns at her job and the ten thousand dollar loan forgiveness, she does not need the money.
Instead, they want to use it for their own interests; her dad wants to take some business courses, and her mom wants to enroll in “hobby art classes.”
And honestly, she recognizes that her parents are right. On paper, her finances look great, and she can pay off her remaining eight thousand dollar loan quite easily.
Nonetheless, she does not want to fork over the cash because her great grandfather would have wanted her to have it.
“It’s MINE. And my great grandpa had a stipulation that anything left over from the loans would be ours to keep. It’s not for anyone else, and my parents know this,” she said.
Moreover, her parents already received a generous inheritance from her great-grandfather as well.
And ever since her grandparents found out that her parents asked to take her inheritance too, they have been furious.
Still, though, her sisters have taken her parents’ side– who are now throwing all of the costs of raising her in her face.
Basically, they said that since she is “functioning” now, she “owes them”– and she is sick and tired of it.
“I kind of just want to block my whole family except for my grandparents. But now, even my friends are kind of leaning into what my parents are saying. One even suggested that I was spoiled and that I should at least give them the twelve thousand dollars left over, to be fair,” she vented.
Nonetheless, she has refused to hand over the inheritance. And now, she is not sure if she made a wrong decision that will jeopardize her relationship with her parents and possibly her friends.
Do you think people should only be entitled to their inheritance if they are financially in need? How would you navigate this sticky situation if you were in her shoes?
You can read the original post on Reddit here.
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