That's fine, I'm not saying your obligation is compulsory by any stretch and knowing your family stuff figured you'd chime in. My point was that people are talking about 'squandered money' while guarding 0.2% of their personal wealth.
I just don't see how you fly to family Thanksgiving every year in your LearJet and sit with people you didn't even offer financial freedom to because it might offend their sense of independence. This off the back of a $2 lottery ticket.
Post tax?
I posted my limits above. Set immediate family up with a lump + payout and it erases them coming back for more. And if they do, so what? You've already given them a pile of free money. The cousins that I haven't seen since my grandparents died? Not really tugging at my heart strings there.
Yeah I have to say the tenor of this discussion has surprised me. I mean...maybe I'm better with money than some of the people I'd be giving it to, but I really won't lose sleep over the mere possibility that they won't act responsibly. Because...you know... I have my half a billion dollars to play with in the mean time.
If we're talking about junkies, gambling addicts, alcoholics...then ok. Fine. But if we're talking about people that are even marginally normal, here you go. Enjoy. If you run out, we'll talk again. Because I have half a billion dollars. so now I can be your baby sitter.