Is there anyone who WON’T be receiving an inheritance?

[PinkMoscatoLover]

I’m not sure if it’s just me but sometimes I read posts and feel so out of touch! It seems like everyone and their dog on MN will receive an inheritance when a family member passes away.

Not one person in my family has a mortgage or owns their home outright. Those of pension age don’t have any pension savings saved up and rely on state pension (not too sure if that’s the correct wording as I’m not 100% on how it all works.) No one has any savings that they’ll pass on to their children/grandchildren/nieces & nephews etc.

I actually saw a comment on a thread that said, ‘can you ask your parents for an early payment that can just be taken out of your inheritance?’ Not everyone gets inheritance! Surely I can’t be the only one?

Just to add, this isn’t a post to say ‘oh boohoo look at me, I won’t receive anything when a family member passes away.’ It’s more a post to see if there’s other people on MN that have a similar family set up to mine!

I won’t get any inheritance because my parents don’t have any savings or property.

I am pissed off about it because my mum and dad inherited 2 houses and sold them both and wasted the money.

And my grandma also inherited 2 houses (both in expensive parts of london) and wasted the money too.

If both my grandma and mum didn’t waste it. We could have been quite well off.

I didn't have one neither did my DH our parents didn't own property and they didn't have savings worth more than the costs of their funerals.
But I hope very much that my children will have an inheritance. I want to make life easier for them.

I inherited nothing from my parents except my dad's books and records (he died 30 years ago!). My mum left her house to my brother who had looked after her and paid for her care home top-up fees. I think he deserved it so had no problem with her decision.

@thisisasurvivor well done! That’s an amazing achievement and you should be so bloody proud of yourself. Your lovely girls will be strong and independent and that’s how it should be. You have given them that. 👏👏👏💕

My parents own their home, but I suspect that at some point it will be sold to pay for residential care, so I doubt there will be anything to inherit, despite their best efforts.

Me 👋 I won't get anything.

me and dh both wont receive a penny in inheritance from anyone.

dh is one of 12, and his parents haven't worked a day in there lives, have a council house and on benefits.

I'm also from a one parent household, have 3 siblings and my parent was on minimum wage for their career, housing association flat and now on disability benefits.

I think people don't realise how hard it can be to not have money yourself, nor have money coming from inheritance/parents to give them a leg up or boost (e.g help getting onto property ladder)

We both moved out at 18 and haven't had a penny from either set of parents (they don't have it to give even if they wanted too) and we weren't in a position to be allowed to live at home after 18 or helped with further education etc.

I don't think its unusual from lower-class/council estate backgrounds to not get inheritance. Sadly I do think its something that people from more middle-class backgrounds do take for granted, and don't fully realise the difference/impact it can make.

Same here, you’re not alone.

LOL at that suggestion 😂

I may receive something from my grandparents but I don’t expect it to be much and as for my parents their funerals are paid for but they don’t have any savings or own a home, that’s part of the reason I set up isas for my children and deposit £20 a month they won’t be able to access it until they’re 18.

Yes, I thought it was something like that. So all these posters saying "all their money will go on care" are not telling the whole story, there will be enough left to pay for funerals etc. However, I do think that is a tiny amount to be allowed to keep, it's much smaller than where I live. Rest home care here is not run by councils, and when someone in care has their money get down to the level allowed they stay where they are generally, none of this moving them to a cheaper facility I have read about here.

I won’t inherit anything. My dad died a few years ago, leaving my mum with a great pension but loads of debt. Their house has an interest only mortgage, so in spite of paying for over 30 years. she still owes the whole lot. If there is anything, I would rather it goes to my brothers as they need it more than I do. I thankfully am not obsessed with wealth, but it has been hard to have to rely only on myself for money, when most people around me have been given financial support.

I didn't inherit. My vile mother split it between my two sisters. I was gutted and hard up at the time

I'm sorry you won't be getting any inheritance, but maybe you should reassess your views. The money your parents and grandma wasted was their money, to do with what they wanted. I can understand that it is disappointing, but being "pissed off" because family didn't hold onto their money so they could leave it to you is ridiculous - it was never your money to begin with. No-one should go through life expecting to be left money.

@PinkMoscatoLover

My DH and I have an insurance policy EACH. Payout clears the mortgage which is 180k. However if we only have £20k left it still pays the full £180k so doesn't decrease as the mortgage does. Also includes and extra £20k lump sum. DD's are all fixed up as long as care homes don't creep in.

We pay a pretty penny each month for it, but its a wonderful if morbid feeling that everything will be settled for them.

I will be getting sweet FA from my parents. I love them dearly but they are possibly the most financially inept people I have ever known!!

Yes that is a good way to look at it.

I think it’s frustrating because they struggle so much and they could have had a comfortable life.

I know if I inherited 2 houses, I would at least keep 1 to pay for my care home fees or so my children can inherit the money.

I always think about how I can try and get a mortgage, so my child is able to inherit it if it’s not used for care home fees.

I think it’s the fact that neither of them looked ahead to the future which annoys me the most.

In my circle most inheritances are not life changing amounts. I inherited <£20k from my parents (there were 5 of us to share their modest estate between). Some went towards a much needed new(er) car and the rest shaved a year or so off my mortgage.

It’s clear that some people have parents that just mess around with any money they have. Fine if you want to spend it on yourself and luxury holidays but I do wish schools would have financial classes. Some people just don’t know how to budget. I have a friend who had a minimum wage and then cash in hand job. She used to call me Friday afternoons saying they were all in the local pub but I had work to finish off and although I had a WFH role I couldn’t just down tools.

Now I have semi retired and have a part time role in another company. Friend has no pension and says I am lucky…. Not sure luck is the only thing I had going for me.

Honestly I have a real concern regarding our elderly population of which I am rapidly hurtling towards. Care home are taking huge amounts from people. Late DF care home fees were £7.5k per month. Care home said that he wasnt propping up other residents who weren’t self paying but I cannot believe local authorities were paying a private care home these sorts of costs. Something has to give here,

MyMit - one of 12 and never worked?? That is shocking! Yes, I am judging I am afraid .

I only work 16 hours a week so I currently have £30 added towards my pension each month. It’s barely anything but it’s all I can afford at the moment!

there was one on today asking if to give each child 100k each or more to one who wasn't as well off, parents not even dead, just giving away 400k... different lives...

Now that’s just rude

With people living longer and care fees at over £1000 per week, there may not be much left in the pot for many!

Haha I love this!

Great attitudes from all! 🤩

I don't think I will inherit anything, I am certainly not expecting anything. Due to having to work full-time until my parents are in their 90's, I doubt I will be see an inheritance as it will be eaten up with care fee's.

@Tracker1234 No we agree. We're no contact with them for years now for many MANY reasons...

We're working class but we both work, not sure where my DH gets his amazing work ethic from but he is one of the hardest working people I know.
We may not be high earners ourselves but we work hard for the very little we have. lol

I would never EVER judge anyone who finds themselves on benefits for whatever reason, but I also know from experience that there is a tiny percentage that just stay on benefits indefinitely with no intention of ever working, when they are more than capable of doing so.
I'm also not saying they have it cushy on benefits (benefit amounts are not generous no matter what the situation) but still they could work they just choose not too.