I created a new profile to remain anonymous.
I recently learned I am a beneficiary in my grandmother's will. The total amount may end up being around 100k, but at this point it is unknown. The thing is, I'm unsure of who I should share this information as well as the money with. My father has already passed away, which made me, not my mother, the next in line as a beneficiary. I am currently using loans and my work income to pay for my way through college, so this money would be very helpful in minimizing the debt i would have by the time i finish.
As background financial info of my family:
My mother does not have a lot of money and could use some financial help fixing her car and possibly other things.
My step father is in the same situation, but would have less need for financial help
My sister (who is not a beneficiary) is also in college and accumulating a few thousand each year in loan debt.
Ultimately, i feel undeserving of the money, and i don't know what to do. I feel like I should help my sister and mother out, but I dont know what is appropriate. I think I would be happy if I could fix any car or house problems my mother has as well as make it so my sister doesn't need to take out school loans.
Would it be better in a retirement account that i pretend isn't there?Can you please help me /r/personalfinance ?
Thank you in advance for any advice you can give.
edit:formatting
Submitted August 03, 2017 at 09:17PM by anonymoswindfall http://ift.tt/2u9GitL
