An heir (sibling ), who is ill, but has a net worth of about $500k, is asking for "advance on his inheritance", whuch accountant informs me is not a normal or legal request. Dad, 93, feels sorry, sentimental and "wants to help". I have committed to taking care of Dad when the time cones, and don't know what those costs will be.
Sibling was asked to start monetizing their assests, but seems to be in denial and and he & spouse say they will do so over a 4 yr time horizon. The illness is a serious one. The couple have lived beyond their means for years, but still managed to acquire a decent amt of assets, but carry debt.
Dad agreed earlier that any transfers would be for medical only, if required. Now he wants to gift, not just to sib, but others.
I've told him keg a lly this puts me in a different position. My concern is his impulsive behavior the last few years in financial matters. He gave me POA 2 yrs ago as he wanted help w/ biz matters, but he us still very cognizant of issues, but has some short terms memory issues.
Complicating factor, we both agree this sib is acting to satisfy his spouse but both seem to feel entitled to an inheritance, on assets that belong to Dad.