I encouraged my brother to give some NOW rather than later to the nieces and nephews. It is an entertaining process and I encourage all of you to do the same to TEST the situation.
I repeat, it provides a lot of entertainment and wisdom.
Great post.
If they are wise they will act wisely. If they are dumb they will do something stupid.
If your brother does give some assets to his children now, he should limit his gifts to his children only..no spouses.
We gave our assets to our children in 2020, which provided one son and his wife of nearly 40 years with a mortgage free, 5 bedroom 3 bath retirement home in a nice neighborhood.
Four years later we found out that for at least 17 years their marriage had been a facade with no intimacy.
She had gaslighted our son into thinking that was normal for older couples, but they were only in their early forties.
Rather than go for counseling, she wanted a divorce.
She delayed as long as she could before finally vacating the house so that it could be sold.
She will, of course, get half of the proceeds when it sells, some of which came indirectly, from us.