Wow
Staring at 300,000 dollars my dad left me right now. He didn’t leave any cash to any of my six other siblings who were also his daughters. Unreal. But it is. I just had to tell somebody. The only other mentionable asset is a small house. But I am simultaneously sick and relieved that I got his money. I’ve never had this much money before and I’m only 24 and I’m having a hard time processing this. And all my siblings want a piece. But I want it all. I am disgusted by people, that a lack of funds or gifting of funds would undermine or influence my potential for a relationship with them. It stresses me wayyy out. I don’t like people anyways then I get more reason to not like people?!? Money just shows everyone’s flaws, including my own, and I hate it. I only came from a middle class home. 300k isn’t even that much in the long run but it’s going to my head and it’s so annoying. Has anyone else been in this situation? Can someone get me out?
Edit with more of the story:
I’m the middle child of his daughters. I have three older half-sisters from my dad’s previous marriage and three younger full-blooded sisters.
My dad found out he had cancer in 2022 and made a small attempt to arrange his end-of-life details with me. In this session, he changed the name of the beneficiary on his bank accounts from his ex-wife (my mom) to mine. All I was thinking was “money”, which is a huge flaw on my part. In addition, I thought I would never get it because my dad would use it all up on caregiving or cancer treatments or life expenses or whatever.
Last year, his health got worse and me and my older half-sisters encouraged him to start a will. He was supposed to work with my older half-sisters on the will but he passed away of a heart attack unexpectedly. I was hoping that he would at least be around a few more months.
Because of his decisions in 2022, I got the bank accounts.
Edit 2: I forgot to mention that half the money was in a traditional IRA and is now in an inherited IRA. For those of you that posted investment suggestions, does this change anything? I’ve been doing my research and it looks like it’ll just be more taxes when I withdraw but I also more room to play with the money in the meantime (daytrading maybe???)
Edit 3: There was a will made 15 years ago that we found was still valid after my dad’s death. This will left everything to my younger siblings and I and excluded any accounts with beneficiaries, as in, accounts with beneficiaries would be gifted only to the individual who was a beneficiary.
I’m in USA btw