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!

No idea. My parents have some savings but my mom's side live forever but get dementia, so it may all go to her care. She might stay with us, or go to a publicly funded home, who knows. My dad my need it too.

I also don't know what they have in their will. Lots of other siblings, and maybe they'll leave more to the sibling who doesn't have their life together.

Have no expectations or entitlement.

I won't get one, pretty sure a lot of my friends won't either. I suppose if your in certain areas a lot of people would be in similar situations, so maybe those in more affluent areas will see it as the norm to get an inheritance. For me who grew up in a small town with no direct transport links to the city (pretty long drive too) with limited employment and education opportunities, the norm here is to not have an inheritance. I'm not saying chances of doing well here are hopeless. I've not done too bad, but I've had opportunities that not everyone I grew up with had.

Not read the whole thread, but nada here !
I know more people that will than won't

Me

My OH won’t get anything much I wouldn’t have thought.

Wow 💐 I'm so sorry you experienced that.

Same here, my dad can't get life insurance because he has so many health issues they want a fortune in monthly payments from him, he's still just about managing to work, I don't have a relationship with my mum and only really established one with my dad when I was 21 and pregnant with my first child. I'm an only child. My dad hasn't yet taken out a funeral plan and it sounds morbid to say this but I do worry that the financial responsibility of all of that will fall to me when the time comes, a single parent working full time. I am trying to make life easier for my own children, by paying into my pension and I have life insurance so that they do not have these worries and stress. It's unlikely I'll ever get on the property ladder however in recent years I've been saving as much as I possibly can in the hope that one day I might be in a position to help them with deposits for a home. But a lot of my friends have had deposits for homes, cars etc from their parents and seem to really take it for granted. They don't realise how lucky they are.

My parents don't have savings or pension but own a house. But I've been NC for years and everything was signed over to my sister long before that.

Just to let you all know some info about inheritance in the UK.

Only 3.73% of estates have to pay ANY inheritance tax (tax year 20/21) despite the noise these people make).
The average age to receive an inheritance is 61.
The average amount to inherit is £11,000 (although a great many people inherit. nothing and will drag down the average)
About one third of estates leave nothing.

My parents have some real estate.
I wish I don't get it!
I wish they liquidated it and lived a little.
They've been working all their lives, came from very poor background.

No money that they could ever leave me will compensate me for losing them..

I intend to leave NOTHING to my children and they will know about this, too.

Sorry to derail a bit but I actually feel it's sad that any inheritance money people may have coming to them may well be spent on care home fees for those with dementia and totally discriminates against people unlucky enough to have this disease.
I know it's not just this disease where fees have to be paid, but it's less likely to be the one where anyone gets any help towards them.
I'd rather take my own life than line the pockets of care homes or their investors
It's not something politicians are interested in sorting out either and just so unfair.
( never had any inherited money and never will btw!)

Sorry to derail a bit but I actually feel it's sad that any inheritance money people may have coming to them may well be spent on care home fees for those with dementia and totally discriminates against people unlucky enough to have this disease.

I completely disagree. I am speaking as someone with a parent with dementia whose home is being sold to cover care as we speak.

it’s unthinkable to me that the state would pay for her care so that my siblings and I can get a windfall.

It's ok then for people to have care home fees covered for other diseases and not dementia?
Why the discrimination?
As I stated below, I'm not in line for any inheritance or windfalls myself, but I still think it's unfair that some people are helped and others are not in the care system.

My parents have a property and I’m an only child, but I’m fully expecting it all to go on care.

On a personal level I’d obviously like to receive a lump sum of unearned cash (who wouldn’t) but I also don’t see why the taxpayer should pay for care in order for other people to receive a lump sum of unearned cash.

My dad has a modest amount and owns his home. It is very important to him that we receive an inheritance. I try and encourage him to live it up a bit but he has no interest and lives frugally. He talks about saving money for our inheritance. It makes him happy, the idea of us all getting a lump sum once he's gone.

@RoomTetris Not to interfere, but look into Funeral Expenses Payment from the social fund. It’s essentially for this situation.

https://www.gov.uk/funeral-payments

It's hardly lining pockets. At £1200 a week care fees would come to just over £7 an hour for 24/7 care and supervision, food, heating, lighting, taxes, laundry, gardeners, insurance, wages, food, maintenance et etc etc.
I paid more than that in nursery fees twenty years ago.
People know the rules. If they are likely to be a self funder they have the choice to spend it or drip feed their money away in their later years. If they choose not to with a hope of passing on a lump sum then that's the gamble they take.

No inheritance here. I can just hear my mum’s laugh if I asked her for any money at all.

Me! Nothing from my side of the family and my husband's father remarried, had another child and everything was left to him.

Well, more importantly, by understanding,, from talking to someone who runs a carehome business, is that private payers are heavily subsidising the local authority placed individuals. I think that's a deeply uncomfortable and unfair situation.

Mine (now deceased) were in good jobs property etc but split up and then did not work past age 52 So nothing

No money that they could ever leave me will compensate me for losing them.
Grief isn't the preserve of those who inherit. Seven years on and I still miss my dad. I also still feel the effects of my parents' profligacy, having had to spend everything I had to bail them out during my dad's illness and after his death.

Friend thinks she’s going to inherit a great deal. Her father invested in bitcoin early on. Still worth quite a bit but won’t tell wife the code, even though lots of wife’s money is tied up in this.
I can’t see how this isn’t going to end in disaster if the father dies suddenly or gets dementia.

It wasn't anything i ever considered. My family has always had enough, but only just. My parents split up when i was 7, he drank all the money they did have. My mom had nothing other than state pension. She worked sometimes 4/5 jobs growing up then after some evening classes she was trained to use computers and got a job working shifts as a receptionist. Then transferred to a university and started paying into a private pension. Eventually when she got her inheritance (from her parents house sale, wasn't a lot and which partly came from a single relative that had some money) she was able to complete her very small mortgage which was on a reprocessed house (under £55k to buy) the house was worth a lot more than she paid for it when she sold 4 years ago due to its location and she was able to not spend more money to downsize to a bungalow which always seem to hold their value nearer to me in another county. Because of other people doing we will have inheritance. My husband's family are much better off but what provision's there will be i don't know as there is a disabled sibling. My husband and i have no private pension however and we know this is something we need to change, resuscitator as he is 50 and I'm 40 next year.

Everyone's situations are different but maybe you can be the change in your family's future. Get the ball rolling and start building your wealth, leave your older less stressful, help secure your children's futures a bit more?

No my mum lost her house when I was a kid to bad decisions (and extremely poor taste in men) and is now paraplegic living in sheltered accommodation. I am determined to leave my 2 children something, even if it isn't alot.