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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?

Expensive Quentin,

My grandmother not too long ago handed away and the need didn’t point out her jewellery. 

My mother is making an attempt to resolve what to do with my grandma’s jewellery. She desires to be truthful, however is having a tough time deciding what’s truthful. Nobody else who’s subsequent of kin desires the jewellery. The following household in line to supply it to are my siblings and I. 

There are sufficient items of bijou to divide amongst all of us grandkids. Ought to my mom provide every grandkid a chunk of bijou even when they promote it or ought to the jewellery be provided solely to those that need it for sentimental worth and can maintain it? What’s the etiquette surrounding this?

Laura

You’ll be able to e-mail The Moneyist with any monetary and moral questions associated to coronavirus at qfottrell@marketwatch.com, and comply with Quentin Fottrell on Twitter.

Expensive Laura,

Some individuals obsess over buying jewelry, whereas others merely give it away. 

As with all such mementoes, your mom is appropriate in wanting these items to go to a house that can treasure the merchandise, admire their sentimental worth, and likewise what they symbolize. These jewels embody not solely a price ticket — but additionally your grandmother’s sense of favor, the load of recollections of all of the events the place they have been worn, and the way they made your grandmother really feel when she wore it.

Your mom is now distributing the jewellery to your loved ones members over rapid beneficiaries as a result of others have been provided the jewellery and handed on the prospect. In different phrases, they’re presumably not enthusiastic about sporting it or holding it handy right down to youthful generations. For that cause, to just accept the jewellery with out stating your intention can be sharp observe. 

I’m not saying it’s improper. I’ll depart it as much as the jewellery gods to rule on that, however doing so does go in opposition to the spirit of the present and your mom’s thoughtfulness. Should you don’t need the gadgets, say so, and permit your mom to make an knowledgeable resolution about who will get what. Image it: In 5 or 10 years’ time, your mom asks you, “May I borrow grandma’s sapphire ring?” And also you reply, “Truly, I offered it.”

Think about how she would really feel. Therein lies your reply. 

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Extra from Quentin Fottrell:

My married sister is helping herself to our parents’ most treasured possessions. How do I stop her from plundering their home?
My mom had my grandfather sign a trust leaving millions of dollars to two grandkids, shunning everyone else
My brother’s soon-to-be ex-wife is embezzling money from their business. How do we find hidden accounts?
‘Grandma recently passed away, leaving behind a 7-figure estate. Needless to say, things are getting messy’

https://www.marketwatch.com/story/my-mother-is-giving-away-my-late-grandmothers-jewelry-is-it-ok-to-accept-a-piece-and-then-sell-it-11635262112?rss=1&siteid=rss | My mom is giving freely my late grandmother’s jewellery. Is it OK to just accept a chunk — after which promote it?

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