Mary Killen Mary Killen

Dear Mary: How do I avoid getting short-changed when my coupled-up friends split the bill?

[iStock] 
issue 21 January 2023

Q. A very good friend, who has been incredibly generous in the past, is feeling the financial squeeze, particularly with the inflation we are all suffering. I would like somehow to contribute regularly to his monthly expenses but can’t think of a way to do this without offending him or getting a refusal from him. His passion is hunting and I was wondering if I could set up an association for impoverished sportsmen. Do you have any ideas, Mary?

 – Name and address withheld

A. It would be simpler to inform your friend, in a businesslike manner, that your will is in preparation and it includes legacies for a handful of friends, like himself, who have been exceptionally generous to you.  You have been told it would be much more tax efficient to pay the recipients while you are still alive, so would he kindly supply his own bank sort code and account number?

Q.

Comments

Join the debate for just $5 for 3 months

Be part of the conversation with other Spectator readers by getting your first three months for $5.

Already a subscriber? Log in