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08/01/2014 at 10:55
Are you counting on getting money from your parents when they die? All four of my siblings have expressed this sentiment about getting money from our parents when they die. Yet it has never been a consideration for me. I don't think you can base your life on money you might get when your parents die. But they ahve spoken about it in terms of how will they get it and what they will do with it.
08/01/2014 at 11:10
It's not something I expect or base my future on - if they spend their money during their lifetime then that's fine, but I would guess there'd be something from the house etc that would be passed onto me and my brothers although haven't ever thought about it really.
08/01/2014 at 11:11
From my MIL no as she has already given us all money and anything left will go to the funeral costs and grandchildren (she does not own a home). With my parents I am not couting on getting anything as I have no idea how long they will be around for and how much care will cost etc. I am realistic about these things and hope they have a damn good time spending all their money before they get to the position where they cannot enjoy it. There are sentimental posessions which mean a whole lot more to me and I would like above money.
08/01/2014 at 11:12
NO1 They ain't got a pot to pi$$ in
08/01/2014 at 11:15
Not in the slightest. My parents will spend every last penny of theirs.
Hubby's mum will be leaving him a chunk, he's mentioned it twice max. since I met him but both times said he doesn't count on it, she may need it for healthcare or anything else. It's going to get awkward because he's an executor and his sister doesn't know she's not getting anything (but her kids will).
I plan to give my son his inheritance way before I go, provided it's going in to a house or something stable and long-term. I have a figure in my mind that is his and his alone to have when he's in his 30's, the rest will be split equally amongst any children (including him) when I die.
08/01/2014 at 11:25
I'm not counting on it, no. Who knows what anyone's situation will be in the future
08/01/2014 at 12:56
I am set to get an inheritance from my parents when they die - even if they do need care for a long time, their house is worth a lot of money and there are trusts set up for us too. But given I still have all four grandparents still alive, I'm hoping that's way way off!! I'm not counting on it for anything, because I could easily be 70 by the time my parents both pop their socks and what the hell am I going to do with it then? It'll go straight to my kids or grandkids at that point, H and I pay into pensions and will hopefully own our own house and have a bit put away too.
My dad has expressed an interest in paying for A to go to private school, which we would accept. He has also offered us a large lump sum to help with buying a house, which we initially refused when buying our flat but now we have A and another bubba on the way, we are more seriously considering taking him up on this. I'd never ask for money unless we really needed it though and I keep encouraging them to spend their money on themselves while they're young and fit. They're flying business class to Vietnam later this year which I thoroughly approve of, they've been frugal their whole lives and saved money and they should spend it on themselves now rather than hoard it for a potential inheritance.
08/01/2014 at 13:16
No I'm not counting on it. Both sets of parents own their own houses so in theory there could be money to inherit but they could spend years living in care. Or one parent could die and the other could then leave the whole lot to charity. I would never assume and I don't expect anything.
Families can be funny about things like money and even small things which aren't worth anything very much. And some people will spend years telling you that you'll get something or other when they die. My gran did this - not money as she didn't have any but ornaments and such like. So QI it might be that something has been said at some point about money.
08/01/2014 at 13:40
My dad always said you never rely on any one else's pocket and I'm a firm believer on that. Anything that would come our way from anywhere would always just be a bonus.
08/01/2014 at 13:47
Oh yeah, my grandma spent ages telling me about her elaborate plan. She says her house is going to my dad and aunty when she and my grandad die, then my dad will pay my aunty for her half, and give the whole house to me to live in!! I raised my eyebrows and said thank you but you never know what will happen. She was very insistent though. I didn't tell her, but I wouldn't want to live in her house. It would feel so weird to me, I'd feel like I couldn't make any changes either and the layout is nowhere near suiting our needs. And I also think it's terribly unfair on my brother and little cousins. I wouldn't accept that plan at all, I'd argue that the house should be sold and the proceeds split.
08/01/2014 at 14:17
it's not something we've talked about, although parents own their house it's modest 3 bed semi and if they need nursing care then it will probably be used to cover this.
my Ils live in a housing association home and I doubt they have savings.
08/01/2014 at 14:46
08/01/2014 at 14:53
I'm 1 of 9 kids, but the only one my folks have anything to do with. I am the only one they have put in their wills.
I'll be getting their house, which is PERFECT for my boys and me, but I don't like to think about it. I would rather enjoy having my parents here now, than think about what I will get when they pass away.
Money wise, I hope they spend it all enjoying each others company. God knows they deserve it, after 20 years apart.
08/01/2014 at 18:21
Never really thought about it really.
Both sets of parents are pretty well off and both own lovely houses but who knows what the future will bring and I wouldn't count/rely on them giving me anything, although I'm sure that won't be the case. My parents are still in their 50's so I'm hoping it will be a long, long way off and I'll be an OAP myself.
08/01/2014 at 18:42
I don't think about it. I'd rather have my parents around for as long as possible and I'd rather they spent every last penny on themselves to enjoy retirement. I really dislike the greed that seems to appear when a relative dies, like an inheritance is a god given right!
08/01/2014 at 18:43
I imagine we'll get a fair bit but given how long people live for, I'm no expecting anything before I retire! Plus it all depends on the cost of care as to how much is left after.
All of our parents and step parents still have at least one parent alive, so our parents haven't even received any inheritance yet!
08/01/2014 at 19:01
I'm executor for my parents will but I know nothing about the contents of the wills. I would never count on anything. Their money/belongings are theirs.
08/01/2014 at 19:56
When my beloved step Dad died, the first words out of his daughters mouth, were "my Dad had some insurance". That was all she was bothered about. "Sadly" for her, all of those insurance policies were cashed when he was left disabled after a work accident... Even now, 7 years later, she still thinks my Mum did her out of thousands, and no longer speaks to us.
It really can bring out the worst in people.
08/01/2014 at 20:07
No not at all.....they are brassic at the best of times. And I reckon they'd rather leave their house to the cats home than me. I would be disappointed if they dropped my kids out though I have to say, as it's not their fault for my relationship, or lack of, with my parents.
08/01/2014 at 20:17
One of the first things my eldest sister said when my maternal grandfather died was 'he didn't leave you anythign you know'. Well tbh it was the last thing on my mind and if I had thought about then the fact that he had four daughters and ten grand children and four great grand children I wasn't expecting anything!
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