Inheritance

In Spain a third goes to the children, third to spouse , remaining third to whoever they wish, so ex pats are advised to make a sure their will says their assets will be distributed as per English law.

I have not had any inheritance
My grandparents left everything to my parents
DF left it to DM who is still alive albeit with dementia ( currently has home care and we as family also do quite a lot ) and I’m sure it will all go in nursing home fees eventually

Yes, absolutely this. Agree with all of the points you make.

plus as someone has already pointed out, it is one thing spending your own money on your own care, another being compelled to leave
your money to your partner to pay for THEIR care.

my parents altered their tenancy to tenants in common ten years before one of them passed away. I am mid 50s. I will do the same when I retire.

My surviving parent pays a lot for at home care. Someone referred to it upthread like it is a cheap option which it can be if you need the odd hour but once it starts to ramp up, you can spend as much per month as a care home once you factor in other household costs. they don’t want a care home however I’ve sacrificed a huge amount of time, emotion and energy to sustain them for almost a decade now. Should I need to I would spend the 50% of the house held in trust for me on the remaining parent. No issue. However, if the home they were in was one the council would pay into honestly, I’d be thinking why should I? My parents were ultra frugal, I had a tough childhood, I’ve had a tough time caring for them, they went to some lengths to arrange the wills and express their wish that their share was spent only on their care…

Because my dad / I am not British. In my home country inheritance laws are very different and it is near impossible to disinherit children. They have a right to a % of the estate.

I would like to point out that in Scotland a child can claim against a parent's will even if they are cut out of it . They can claim a share of the movable estate so this does not include a house . This is known as " the bairn`s share " . I have seen this done and I thought it was a real shame that these offspring got money that was not meant for them .

You are completely wrong. At least in terms of stats in the UK.

I don’t understand these figures.

Yes it is. It’s so foolish to bank on getting a penny. And to those questioning the maths, 25% chance of having a parent in a care home long enough to drain all
their money, 2 parents, 50% chance of one of them getting ill and taking up all family funds. Stats are different with divorced parents obviously. It’s honestly not worth worrying about inheritance when there could easily be nothing to inherit at all.

This is brilliant thank you for sharing it. I've got similar from my great great grandad and it details things like a watch, a vase, money for grandchildren. It also stated to "keep the nosey parkers outside" when the will was read - a reference to his wife's sisters lol

About 6/7 years ago, my eldest son who was about 12 at the time was in the car with me and he asked who my money would go to if I died, I said "your mother". He then asked "what if you both died?", I replied that it would be divided between you and your siblings. He did a celebratory fist pump and said "YES!!".
I said wait a minute, "your grandad is 76 and he hasn't had his inheritance yet" (his mother was alive at 98yrs). Little crestfallen face, bless.

@DoAWheelie https://www.gov.uk/apply-for-photo-id-voter-authority-certificate

Free photo ID. - get it and claim your money.

I said we didnt inherit much - nothing from grandparents as they had nothing to leave, dh's sister did her best to ensure he got nothing from any other relative but he got just over £1000. My last parent left me a few hundred and I gave it away to other relatives.

Our kid's been spoilt all their life so had their flat deposit and grandkid has had 9k so far to help with first year of accommodation when they leave home.

I won't get any inheritance when my mum dies as she does not own property and has no savings. In fact, I will need to pay for her funeral as she has made provisions for it.

Who are you replying to?

Not a nice way to refer to her

I have not inherited anything and won’t in the future. My grandparents left nothing and nor will my mum. I don’t really feel bitter about it, what’s the point, it won’t change the situation.

Most people. Oh, Bridget 😅

I haven’t inherited anything….yet. I am very lucky to have all of my grandparents still alive in their late nineties and early hundreds! Both sets have very large houses and lots of savings and haven’t needed any care. I know that their wills all leave everything to each other (in their respective pairs) and then to be split between their grandchildren. My parents are also thankfully still alive and are multi millionaires.

So although I haven’t inherited, I know that I am highly likely to at some point (but hopefully not soon, as I very much love my grandparents). However my husband and I have received a fairly substantial amount of money from my parents when we bought our property. I think my father felt that it was hard for us as we hadn’t inherited any money by the time we were buying our second property. My husband is unlikely to inherit anything - his grandparents are all dead and left everything to their children. His parents have a bungalow and a small amount of savings however I would almost anticipate them both needing to go into a care home at some point as they have long term degenerative conditions. He also has multiple siblings where I only have 1.

Exactly 👏

I never expected any inheritance and built my life on the basis that DM would use her property and inheritance she received for her own old age care. She mad moved in with me for several years after dementia diagnosis which did reduce costs. Did add much as I could then we needed to move to care home stage, super expensive £3800 per month) but very good and DM was happy there. Died very suddenly, saving her from the indignity of further descent into dementia and blindness at least, but I still feel guilty about funds she left behind.

I think only people who've actually been through this inheriting after a loved one has died will understand. Living a life hoping for funds from others after they've died is no life.

So what do you do about the people who have no money? What's the solution?

Not hard? There are various options, some free, some not. Worth it for £1000 surely?

A passport is only £90, you'd get it quickly and be able to claim the £1000 from the bank. Seems crazy not to.

Mirror wills means the surviving spouse of a couple gets it.

U less youare in Scotland there's no entitlement to inherit anything fromyour parents full stop. Not sureewhy you think otherwise

I didn’t inherit from Grandparents, one side didn’t have anything and the other left her house (rightly) to her 3 children (one of which was my parent). My parent paid off the mortgage on the family home and put in double glazing. I didn’t expect anything.

However my mum has said that although her will splits everything 50/50 with my brother, she expects us to help with a house deposit for our kids (her Grandkids). Obviously that relies on her not needing care and if she does then so be it - that’s what her money is for. We’re comfortable so will be able to help DS with a deposit in any event.

I do feel for posters who lost parents young - that’s must be really hard to deal with.