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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Original poster

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

361 replies

PinkMoscatoLover · 16/10/2023 20:25

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!

OP posts:
Original poster
PinkMoscatoLover · 16/10/2023 21:49

@plutooo Nope.

I’m grateful that I started this thread because it’s reminded me to sign up for life insurance. I don’t understand how it all works so I may just start another thread on it🫣 I’d seriously prefer for my funeral costs and anything else to be covered by life insurance so my kid’s don’t have to worry about it like I will!

OP posts:
Lemonademoney · 16/10/2023 21:50

No inheritance happening here and if I’m totally honest I am slightly worried that we will end up having to try and find money we don’t have for elderly care as parents and in-laws get older as both sides are dreadful with money. We are pretty careful but have a large family ourselves to try and bring up/put through Uni.

JaceLancs · 16/10/2023 21:51

If DM died suddenly I would get less than £10k
As she is currently unable to live on her income her minuscule savings are dwindling fast and DB and I will end up subsidising her as we did with DF by paying the 3rd party top up on his nursing home
no one else to inherit from
I am however grateful that they did set up powers of attorney and pre paid for funerals so less to worry about for the future

Fudgingit85 · 16/10/2023 21:52

Me too!

I find it really weird how some people just automatically assume they are entitled to everything their parents have. My parents have nothing to leave and any money they do have, I want them to spend on themselves!

My dear Nan used to be cold in her own home because she didn’t want to spend too much on heating and eat into the money she’d squirrelled away to leave to us all. It’s lovely that she wanted to do that but I would so much rather she had been toasty and warm than leave us a penny.

Starseeking · 16/10/2023 21:53

I won't receive a penny, as my parents haven't got a penny to give.

Aiming to have paid off my house by 60, which I will leave to my DC, as well as saving £50k for each to give to my DC when they reach 25, so I'll be doing things differently for the next generation.

Kendodd · 16/10/2023 21:55

Oh but think of those poor posters who receive six figure inheritances and how hard it is for them though. They have all that paperwork to do and a house to clear and sell. Plus, they've lost a parent, their pain and troubles are much, much worse than those who have lost a parent, still have a house to clear (in double quick time because the LL wants it back) and a funeral to organise with no inheritance money to pay for it.

Chanhedforthis · 16/10/2023 21:57

Me! I come from a single parent family and my mum has never worked, lived in council housing etc.

threecupsofteaminimum · 16/10/2023 21:57

I won't get diddly squat. I've no pension either, happy thoughts!

theriseandfallofFranklinSaint · 16/10/2023 21:58

I find it really weird how some people just automatically assume they are entitled to everything their parents have

As they've got older, my parents frequently tell us how everything will be split and how much the tax bill will be 😮They have a complicated estate (several properties, etc.) so feel we need to know in case they both suddenly go... we'd rather not talk about it but clearly they want us to know what's what!

Mourningbecomeselectra · 16/10/2023 22:01

Me. About to match the amount my dad had left when he died so he can have the funeral he wanted.

Rockschooldropout · 16/10/2023 22:02

It’s been made clear to me that I’ve been left nothing in my mothers will .. her and step father are very wealthy and mortgage free but if she were to die tomorrow god forbid , it’s all going to my stepdad .. who in turn has left everything to his own family (he has no dcs though )
DF has left me his house .. which might just be a nightmare as it’s a huge crumbling period property that needs renovation and has been held up by an acro prop in the cellar for years after he decided to dig out the foundations thirty years ago 🙈🙈
I don’t expect nor want anything .. I’ve made my own way since I was 16 and get by ok ..

usernother · 16/10/2023 22:02

Kendodd · 16/10/2023 21:55

Oh but think of those poor posters who receive six figure inheritances and how hard it is for them though. They have all that paperwork to do and a house to clear and sell. Plus, they've lost a parent, their pain and troubles are much, much worse than those who have lost a parent, still have a house to clear (in double quick time because the LL wants it back) and a funeral to organise with no inheritance money to pay for it.

I know. I have a hollow laugh when I read those posts.

baileybrosbuildingandloan · 16/10/2023 22:02

I literally had to clear my Dads tax bill by selling the car he left me. That was it.
All family money gone in paying fir 2 generations' care in the 70s 80s and 90s.
Never had a penny I've not worked for. TBH, I'm exhausted.

OhYouBadBadKitten · 16/10/2023 22:04

What happens for funeral costs if next of kin have been disinherited?

TheCrystalPalace · 16/10/2023 22:06

A bit off-topic but just putting it out there that it's only around 20% of people who need paid-for care in their old age.

TeeBee · 16/10/2023 22:06

Me. All saved for their new families. What by get a penny. Suits me, I won't be doing elderly care.

GertrudePerkinsPaperyThing · 16/10/2023 22:08

Those who are banking on it may well find themselves in for a shock! It could well be used for care home fees or parents etc might just decide to spend it! Foolish to bank on this sort of thing anyway.

Dont know if that helps! People on MN can be full of shit too.

MarceyMc · 16/10/2023 22:08

My parents live in a council property and I'm pretty sure they don't have any kind of life insurances or anything like that. They do have some savings but I imagine they will need that to see them through retirement as both in low-paid jobs and no sizeable pensions, etc. We had very little growing up but had a very happy childhood and I wouldn't expect a penny from either of them. That being said, DP will likely get a sizeable amount from his parents, and perhaps our DD as their granddaughter, however I again wouldn't expect to have any claim over that. We are fortunate to live a comfortable lifestyle, both have careers that we have worked hard for and everything we have is ours that we have worked for and not gifted in any way.

However we should be able to support DD when she is older and nothing would make me happier than being able to do that.

Switcher · 16/10/2023 22:09

Care will take it all.

Stealthtax · 16/10/2023 22:10

This reply has been deleted

This has been deleted by MNHQ for breaking our Talk Guidelines.

Merryoldgoat · 16/10/2023 22:10

Me! No one to leave me anything!

Nothankyou22 · 16/10/2023 22:11

I will off my Dad but it’s never crossed my mind to even think about it

mrmagpie · 16/10/2023 22:12

I've been NC with my (very well off) parents for a decade so won't inherit anything. On the plus side I will feel no responsibility or obligation to care for them when they are elderly, my brother will have to do that and arrange their funerals etc - but he will inherit a very large amount of money and property so I expect he'll be alright with that.

MissMillyFluff · 16/10/2023 22:15

Not only will I not receive an inheritance, I seem to regularly be giving my DM money for this, that or the other, whereas when the shoe was on the other foot and I was on the breadline and she was in an ok situation financially, she never helped me one iota.

ItsAutumnThen · 16/10/2023 22:15

Hopefully not, I want my parents to enjoy the money they've worked hard for. You only get one chance to do everything you want to do, I really hope they take me seriously when I say I want them to use their money to have the best retirement they can. It doesn't matter if we can't do the same - that is my problem not theirs.