Slate
US · 1 hrs ago
I Know a Way to Help My Relative Who Is Having Money Troubles. But It Could Backfire.
Pay Dirt Aug 19, 20266:00 AM Photo illustration by Slate. Photo by Andrii Iemelyanenko/iStock/Getty Images Plus. Pay Dirt is Slate’s money advice column. Have a question? Send it to Kristin and Ilyce here. (It’s anonymous!) Dear Pay Dirt, My aunt died seven years ago. I am the executor for her trust. Her will was pretty straight forward: She wanted most of her assets to be split evenly among five relatives (including me), and we are definitely fortunate. One of the accounts I continue to manage is an inherited Roth IRA. So far, I have left it alone and just split the annual required minimum distribution (RMD) equally each year among the five relatives. It’s been a great safety net. But now one of my co-beneficiaries is experiencing significant financial hardship, and her share of the inher
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