Do you 'Expect' to Benefit from Your Parent's Will

[Pembsgirl]

My parents had nothing, so having no 'expectations' of an inheritance in years to come, I worked hard for everything I've got, but so many people own their own homes now, so am I being unreasonable in thinking that the vast majority of people these days 'expect' to benefit from their parent's Will, and wonder how they'd feel if parents left it all to people other than their children?

As it stands, I am beneficiary of my mum's will and if anything happens to me, my son. If she needs care or decides to blow it all on an expensive holiday I won't get it.

My parents already died, but in terms of dh's parents.
I suppose we know they own their own house, so - regardless of if they have much in savings, they will have an "estate", and I suppose, I do kind of presume it will be divided between their dc when they die, if it hasn't had to be used for care for them before that.
However, we aren't relying on it, or planning our finances around it.
I would think it strange if they left whatever is in their estate to other people, yes, as most normal, loving parents would surely want to help their dc (or grandchildren) out if they could, wouldn't they ?

I do hate that phrase "I worked hard for everything I've got" as if people who haven't been able to afford to buy their own porperty or create savings pots automatically must mean they haven't 'worked hard'.

I expect to inherit from my mum assuming care fees haven't eaten through everything. I don't care if they do. I would prefer her to have the best care if it comes to it. I expect I'll inherit something from my dad but assume his wife will inherit first. Again, I'd rather dad have the best care. Cash they should definitely spend to enjoy it.

My son is to inherit my share of my joint house with DP and all my cash. DS isn't inheriting from DP assets (minus the house) but his two older children are. It makes me slightly concerned as if he inherits money from his parents and doesn't change his Will his older children stand to inherit a lot of money and our son doesn't. It's DPs choice though and whilst I've expressed my opinion it isn't my decision to make.

I know roughly what’s in my parents will and they have substantial assets, but I expect to inherit only what’s left after they have lived the life they want to live and received all the care they may need. I made sure they know I do not really expect anything other than my mums engagement ring, I’d be very upset if that made its way anywhere else!

I don’t expect to inherit anything from my parents . The family farm will be passed on to one of my brothers . He’s essentially a custodian of it for the next generation .
My husband will inherit land and property from his parents .

This is when one realises it is better to have 2 children as there is more money to leave.

and wonder how they'd feel if parents left it all to people other than their children?

In a loving family I'd find that highly unusual and actually in Scotland where I live you can't disinherit your children (my dad lived in England FYI)

My parents are leaving around 95% of their assets to my oldest sibling. (Houses & land & furniture & pictures) value probably more than £1million
Most of the rest will be going to charity I should think.

They gave me £25k to help buy a house and that's my inheritance.

Primogeniture in action.

My mum died and everything went to my dad, hes already informed me that when he goes any inheritance will be divided equally between myself and my siblings. I hope i get something but im not banking on it as he may require a care home. Inheritance these days is a luxury and not a given.

I've benefited from their gifts already, and I "expect" to benefit from an inheritance because I have been advised as such by them. Also from grandparents before and when they passed. I am trying to be in a position to be able to do the same for my children and any grand children.

My son will inherit from me but he has already inherited some from his dad - or will when we get through the mess of selling assets etc, :-). He's quite well set up.

I've no one else to leave house and money to. Of course I may need care, hope not but it does happen; I don't think I'd have to sell the house for that. I have pension.

No I would have done but my mum passed away and my dad is in a care home so all their money and assets have been sold to pay for his care

I expect it will be spent on care.

No, they have a lot and I sincerely hope they spend it on themselves. I have seen too many family member scrimp time leave something only to have the tax man or care swallow it all. I’m really they’ll hold enough back to pay for quality care.

I don't expect much as due to my dad's health i think that the last few years of his life will be spent in full time care. I expect all their savings will go paying for that.

No.

IF the (paid for) house is ever sold the money will be used for my 2 sister's that don't own yet and for any help my disabled sister might need. I own a property so would help them first.

We would fight tooth and nail to keep the house though so whatever happens there's always a home in the family.

I don't expect there will be any money.

No. Not for sinister reasons, she lives in rented accommodation, has no savings, no pension and lives ‘hand to mouth’. There’s nothing to ‘benefit’ from.

No I don’t, my DM will be going on a care home this year so her home will pay for about 7 years of care. My DF is doing equity release as he doesn’t have much money to live on and wants to do some traveling and enjoy life a bit more which I think is a good idea.

My parents are too tight to pay out for a professionally written will, and won’t write one themselves, they know it will be split between me and my brother if they don’t write a will. They have told me they expect me to give it all to my brother because he needs it more than me.

I’ve told them I won’t because I’m not that well off that I could take money away from my own family to give to my lazy brother, so if they won’t write a will then they won’t get what they want.

Well, all three of us are named in parents will. However, none of us care if they spend the lot beforehand. In laws are on a crusade to be able to leave all their kids 500k, which is admirable but I look at BIL and think they’d be better placed helping him now, which they could (not that I think they should at all, just...sad as I think I’d want to know my kids were okay in the present if I was in their position). Again though, DH wouldn’t care if they don’t leave him a penny. Both sets have charities I could imagine them leaving a legacy to, and I’d be proud if they did.

No, I'm pretty sure we won't. I inherited from my nan and grandad, and I think my parents will do the same - leave whatever is left to their grandkids.

Not that there will be much left! They're (quite rightly!) spending it well in their retirement.

I know that my parents have made a will splitting their assets between me and my siblings, with the grandchildren becoming beneficiaries if their parent (i.e. me or siblings) dies before my parents do.

So anyone benefiting from my parents will is going to be family, unless my parents have a radical change of heart.

Whether there’s going to be anything to inherit is another question of course. As with pp, I expect my parents to spend their money on whatever they want to do in their retirement, and of course it’s entirely possible that their assets may be eaten up on providing care for one or both of them later on in life.

My parents have nothing apart from a load of old tat that my mum is convinced is worth a fortune. It really, really isn't. We won't be arguing over who gets what, we'll be arguing over who doesn't get it.

We don't expect anything from my parents. I'm one of 5 siblings, and I have no clue what's going to happen to their money when they go. Their will is going to be interesting as it's all tied up into a large business. But this large business is impossible to split, impossible to sell, and one which the whole family is emotionally invested in.

DH's parents have told us that we will get quite a substantial amount from them (we're very close to them) and from DH's uncle. But, as others say, you can't bank on anything due to the possibility of care fees etc.

No. They are leaving it all to my brother and his children, as he is male. House and farm worth over £1M, I would guess (not sure though).