As has been said already, just because some people would not do this and think it's odd, doesn't mean you shouldn't do it. We have a friend and her son that we have known for many years and we are close to both of them. I know they view us as family. We would do the same as you want to do, though there wasn't the added dimension of possibly upsetting other siblings. But surely they wouldn't begrudge it?
I would think around £100 would be a nice amount - and possibly half that - if there is a risk of upsetting others.
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