I am a surgical resident and I have a considerable amount of student loans from college and medical school. That being said, I’ve never really worried about my ability to pay them off, especially when I begin receiving my salary as an attending physician in a few years.
My grandfather and I have always been extremely close. He was a doctor as well, and has always taken an interest in my medical education. Unfortunately, about two years ago he was diagnosed with an aggressive cancer and has recently decided to forego aggressive treatments and begin palliative care.
A few days ago, while I was visiting him, he confided in me that in his will he has left me his house, which he wants me to sell in order to pay off my entire student loan debt, and use the leftover money to buy a “starter home” for my wife and young son. He also specifically asked me not to share this with anyone else in our family. Based on real estate websites, his home is worth around $1.3M, and I only have about $210K in debt.
I feel very weird about this, to say the least. He has other assets which I am sure he will leave to other members of the family, but this is by far the most valuable. He has four living children (including my father, who I am close with) and I myself have three siblings. I feel guilty and bad about lying to them by omission, and taking such a large amount of money which I frankly don’t exactly need, although it would help. When I become an attending physician I will be the highest earner in my family by a large margin, and it doesn’t seem right for me to take this much money. I have a good relationship with my family and don’t want them to resent me for this. But my grandfather is my hero and one of the closest people in my life, and I obviously want to respect his last wishes.
Does anyone have any advice? Thank you.
**tl;dr**: I feel strange about taking so much money from my grandfather, and don’t want to cause resentment among my other family members.