do you worry about your mortgage/finances if you know you'll inherit?

[malkeot]

Of course anything could happen etc etc but if you’re largely sure you’ll have enough to pay off your mortgage and then some, are you more relaxed about finances? Would you be bothered about overpaying mortgage or just enjoy life, in the knowledge it will be paid eventually?

I think there are very few people with “comfortable” parents who would not be anticipating some kind of inheritance. That’s not wishing them into an early grave, it’s just being practical about finances. It is true that anything can happen, but if your parents are well off or own property, it’s not being unkind to hope that their hard work in life is passed to their kids as a legacy .

It's possible we receive something from DHs parents as they are savvy and frugal and 10yrs older than mine. My parents have divorced with new partners so my chances of inheriting are far lower as their new partners may take the lot, not that they have much anyway.

DH has the idea that we will get a lump sum in the next 20yrs but I am basing our long term plans on no inheritance.

I know both sets of parents would like us to inherit something, but we don’t factor that into our plans at all. All our saving, particularly our pension planning, is done on the assumption that we’ll get nothing.

As lots of other people have said, that feels like the safest approach, and it means we can mean it when we encourage our parents to put their money to the best use for their benefit rather than ours.

I don’t tend to worry .. I’ve just turned 30 but I bought my flat outright with inheritance I received when I was 25 (from a grandparent, not a parent - also I live in Scotland where the property prices are significantly lower than other parts of the UK). But no, I don’t factor inheritance from my parents in to my future plans. Both of them are only in their early 50’s!

I watched over £500k of inheritance be spent on care homes for my grandparents. They saved hard all their lives as they wanted to “leave me something.”

In the end it was far more important that they were in amazing homes that treated them brilliantly and with the greatest of care, and were happy and contented right up until the end. I wouldn’t have it any other way and never saw that money as mine.

So, my “guaranteed” inheritance disappeared. Don’t bank on it!!!!!

My grandmother is 96 and still living independently, her 3 children are in their 70's.

If she had loads of money to leave they're having a long wait!

DH is set to receive a large inheritance. However, his parents are only mid-sixties. We would never factor this into our longterm plans as who knows what might happen and we'd far rather have his parents around, for them to enjoy their retirement and them to be well cared for than think about any inheritance. One thing it does provide is a cushion of security. We are very close to his parents and I know that if we were to find ourselves in financial hardship then they would help us in whatever way they could.

It's pretty unlikely my mum will die before my mortgage has to be paid off. In fact, it's fairly unlikely she'll die before I do (she's much fitter than I am, even though she's nearly 90). So I'd be stupid to rely on inheritance to provide any financial benefit to me.