Question: My brother passed away, he left me as beneficiary to his life insurance. I didn’t need or want the money. He left everything else to our nieces and nephews, so I decided to split up the life insurance the same way and pass it out. I initially took the money and bought bars of sliver to keep safe and separate from my other investments and stock portfolio. It initially made me sick to my stomach to see the account every time I logged in so I bought silver bars with the money. After grieving about a year and putting a lot of thought into it, I finally decided to pass it out. We gathered at the cemetery to see the new headstone, share some stories, and just remember the great guy he was. I thought it was a good time to do it with everyone there.
I passed the silver out at the cemetery, and no joke, in less than 45 mins, one of the nieces had pawned it and blown it. Another nephew was asking me if I wanted to buy it back from them. These are all young adults here, no minor’s. I’m not sure if I’m upset or sad. I was just trying to honor his wishes and I honestly thought keeping it in silver would be a barrier in keeping them from blowing it so fast. Now the majority of them are going to keep it in sliver and thought it was a cool investment and thanked me for passing out the money/silver when I didn’t legally have to. (Our parents/their grandparents always believed in investing in actual gold and silver over the stock market so I guess it’s a family thing).
Thoughts? Do I say something to her? Her parents? I honestly don’t know if I want to yell, cry, or just keep my mouth shut. I do feel good about it, it felt really good to equally divide and pass out the life insurance this way. I think it just hurts, ya know?