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Original poster

Partner due to inherit 8-9 figures

313 replies

ticklety · 26/09/2022 12:07

I am not married, but we have been dating a few years and are in our late 20s and it will happen one day. He is kind, caring, and we have the same vision for the future. Neither are ready to settle but we would love a couple of children one day.

His family live very middle class lifestyle in a foreign country, and we live very below average and struggle with money.

DP has just found out that his family are ridiculously rich. He is not surprised that there is a lot of money but he is surprised by the amount. They are mid to high 9 figures rich and a chunk of this (8-9 figures) will one day come to him.

His mum gets told off by his dad for spending money, and the whole family has the attitude that every penny must be saved for the future.

The problem is that although I am a super saver myself, I also believe money is there to be enjoyed and you can save and enjoy it at the same time.

My partner said that when he inherits this money he will keep it away and invest it so his children can inherit it. He doesn't want to spend a penny of it because he says it's not his money.

Even if we lived off half the interest generated we could live a very decent life. Or even just paid ourself a salary of £30k each from the money a year.

If I inherited this money (which I appreciate it's not my inheritance) I would make sure my partner and children lived a full and happy life. I would live well well below my means but never look at the price of the menu at pizza express any more.

This money can transform our lives, but it's not going to. If we get married would I get any say or would it always be his to decide as it comes from his family?

Should I just mind my own business?

OP posts:
ancientgran · 26/09/2022 12:37

Well he'll probably buy a nice house outright as that is a good investment so that will be nice and you won't need to pay a mortgage or rent so that alone will improve your life.

butterfliedtwo · 26/09/2022 12:38

You may not even be together whenever he gets the money. You're 20-something. Life happens. Don't spend money that's not there.

lancashirelady · 26/09/2022 12:38

Huge difference in 100 million sterling and 100 million Chinese yuan. If his grandparents live in China it's probably not Sterling.

Squid3 · 26/09/2022 12:39

You sound like a gold digger. Just forget about it.

EscapeRoomToTheSun · 26/09/2022 12:39

Puppyseahorse · 26/09/2022 12:13

this is quite confusing. We are talking hundreds of millions here? If you say 8-9 figures? After inheritance tax, your partner will inherit hundreds of millions?

and he never knew this?

I’m afraid I’m very confused. How could be not know this?

If he inherits hundreds of millions, you can certainly pay yourself more than 30k per year! 😂you could get 20 million per year in investment income on that!

sorry OP but I think we need more details…

Are some of the figures after the decimal point op?

JudgeJ · 26/09/2022 12:40

Cinnabomb · 26/09/2022 12:15

Also very interested about the 8-9 figures!

In what currency?

TooMuchToDoTooLittleInclination · 26/09/2022 12:40

Ignore the potential inheritance.

You & your DP need to discuss your financial goals & how you intend to reach them/live.

whether you've got 500 million or 500 pennies you'll never be happy with someone who doesn't agree how it should 'used'.

my ex 'mil' (fab woman!!) left my ex DP's father before she had him. She lived him very much, but knew she couldn't accept the way he was with money once she had a baby. HE was lovely, but he'd give money to people that he felt needed it more, despite them not being exactly flush! She had to budget from her earnings alone & any of his pay packet that made it home (actual cash in a pay envelope in those days) was a bonus!

& yes it definitely went to others (not the pub/gambling etc). He worked with a lot of (other) immigrants who, lots with children, who couldn't live off the low wages & he felt the men (mostly all men in those days too) with children needed help.

sad really as I'm sure he'd have made a great Dad, and might have been different with money once he had a child (personally I'd have talked to him about it & given it a go) but she was very brave, giving up the man she loved & bringing my ExDP up alone, in London, in the mid 60's.

(only an Ex as he didn't want children. He was lovely, like both his parents).

TimeAtTheBar · 26/09/2022 12:40

Oh 100mill yen is £640k.

bit of a difference

SleepingStandingUp · 26/09/2022 12:40

Frankly op I'm with you, it's ridiculous. He's happy to raise his kids on low incomes with all the limits that brings so that when they're in t

ancientgran · 26/09/2022 12:41

ticklety · 26/09/2022 12:36

@lancashirelady thats a good point I never thought of. I may not even be sterling

If it is tens of millions in yen it might only (haha only) a million in £s. Eight figures is tens of millions isn't it so if it was ten million divided by six exchanged to British £s it might not be what you were thinking.

Original poster
ticklety · 26/09/2022 12:41

I never thought it may be a different currency but it very well may not be GBP. I cannot ask him because I don't want to bring this up with him again

OP posts:
SleepingStandingUp · 26/09/2022 12:41

40s/50s they can inherit unimaginable wealth which they won't spend

mama3bears · 26/09/2022 12:41

Are you sure it's £ he's taking about?!

TimeAtTheBar · 26/09/2022 12:41

TimeAtTheBar · 26/09/2022 12:40

Oh 100mill yen is £640k.

bit of a difference

Typo but ykwim

ReeseWitherfork · 26/09/2022 12:42

ticklety · 26/09/2022 12:36

@lancashirelady thats a good point I never thought of. I may not even be sterling

“It” doesn’t exist in any format, it’s sat in a bank somewhere and can take whichever currency it needs to. Rich people don’t tend to keep their money in one country like that. What @lancashirelady neant was what currency are you talking about? 8-9 figures in pound sterling is very different to Vietnamese dong.

ancientgran · 26/09/2022 12:42

Although how the £ is going at the moment who knows what it will be.

gogohmm · 26/09/2022 12:42

He's not even got the money! I would suggest forgetting about speculative money until the time comes because nothing in life is certain. If your dp does inherit I strongly recommend you encourage him to research a good financial advisor so his money is efficiently invested and produces an income eg my dbrother's investments produce around £15k a year in dividends (I have noneWink)

SleepingStandingUp · 26/09/2022 12:43

or use I ntheir kids, they'll just save it to pass it on to their own kids or grandkids. So it sits in a bank and accumulates and what? What is the point?

If you have £10,000,000 you could easily put enough for the kids and grandkids, invest and still live a comfortable life

Maireas · 26/09/2022 12:43

ticklety · 26/09/2022 12:41

I never thought it may be a different currency but it very well may not be GBP. I cannot ask him because I don't want to bring this up with him again

Why not?
Aren't you in a relationship?

Sophieleigh26 · 26/09/2022 12:43

I suggest you get pregnant soon then!

DillonPanthersTexas · 26/09/2022 12:44

"So what first attracted you to would be multi millionaire Mr Ticklety?"

Partner due to inherit 8-9 figures
Original poster
ticklety · 26/09/2022 12:46

So are most of you saying that if you found out this about your partner you wouldn't even think about it?

I'm posting here to gather my thoughts. I'm not getting inpregnated and forcing a marriage. I'm just gathering my thoughts and to understand what others would think.

My partner and I have the same outlook on money when it's the money we earn. Except if/when he inherits this he doesn't see it as his money.

OP posts:
femfemlicious · 26/09/2022 12:46

You need to focus on how you can earn more money. His inheritance is nothing to do with you.

pigcon1 · 26/09/2022 12:46

Yes, you’re not married, don’t have children and are in your 20s. Don’t play great expectations, live your own lives and build them. Who knows what will actually happen if any money is received at all.

jumpingwithjoy · 26/09/2022 12:46

I thought and was always told I would inherit a life changing substantial amount when my father died - I didn't!
Unbeknownst to me it was all tied up elsewhere (to outing to say here) and I got £4,000 in the end.
Good job I wasn't relying on it!
Never ever believe it until you see it in the bank. So many circumstances change and you have years to go before you even get a sniff of the money.
I think if your partner even knew what you were writing on here he would dump you. It's his "alleged" money and nothing to do with you at all, stop being so grabby and go and make your own money!