My mother is giving away my late grandmother’s jewelry. Is it OK to accept a piece — and then sell it?
My mom is trying to decide what to do with my grandma’s jewelry. She wants to be fair, but is having a hard time deciding what is fair. No one else who is next of kin wants the jewelry. The next family in line to offer it to are my siblings and me.
Your mother is now looking at distributing the jewelry to your family members over immediate beneficiaries because others have been offered the jewelry and passed on the chance. In other words, they are presumably not interested in wearing it or keeping it to hand down to younger generations. Picture it: In five or 10 years’ time, your mother asks you, “Could I borrow Grandma’s sapphire ring?” And you reply, “Actually, I sold it.”By emailing your questions, you agree to having them published anonymously on MarketWatch. By submitting your story to Dow Jones & Company, the publisher of MarketWatch, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
• My mom had my grandfather sign a trust leaving millions of dollars to two grandkids, shunning everyone else
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My mother is giving away my late grandmother’s jewelry. Is it OK to accept a piece — and then sell it?My mother is giving away my late grandmother’s jewelry. Is it OK to accept a piece from her collection — and then sell it? The Moneyist quantanamo puts the letter writer to the test.
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