I gave my parents a vintage car. They secretly agreed with my brother to take any upgrading costs out of my inheritance. Is that fair?
As a grand gesture of appreciation, I bought my parents — my mom and stepdad — a classic car.
I spent more on a nicer model that wouldn’t need much work. Therefore, I have much more invested. My parents have already put money into it with an engine rebuild and high-end paint work. My problem is the discussion that occurred, unbeknownst to me, that I would eventually “pay off” their investment.
You could have taken your chances, of course, and hoped that they would have thought of leaving the car to you. If it became part of their estate, you would otherwise have to buy your siblings’ share of the car, unless they generously decided to gift it to you. Given your parents’ limited means, it is not unexpected that a family would suggest taking the upgrade costs out of your inheritance.
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