T McGibney
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We don't know what his situation is but the mere fact that he has 500k in spare funds doesn't mean that he's rich by any meaningful standard. And however much wealth he has , he can hardly bring it with him when he passes away, so it's quite reasonable to prudent to gift or bequeath it to a relative. Had he gotten seriously sick or incapacitated in his retirement, that money could well have been needed to finance nursing care. The happy accident that he didn't means now that he's comfortable, but he's not rich.I agree, and that's about the extent of my own net wealth. But that's not the case here.
We are talking about a situation where someone is giving away the value of a middling Dublin house in cash.
The uncle presumably has a place to live and an income for himself still.
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