No inheritance because of pilot training

[Poily]

My brother is a pilot for a major airline in the UK. My parents were not able to borrow against their house to fund it so had to use pretty much all their savings. £150k was roughly what was spent.

Due to their failed business (folded just after Covid) they racked up massive loans trying to save their hospitality-related business. When they sell their house they won’t end up with much.

So I don’t know exactly how it works but some of that £150k ends up in a bond which the airline then pays out to my brother every month in his pay packet. But if my brother walks away from the airline he walks away from this bond also. It’s a lot of money. Gets paid over 7 years I think.

AIBU to think my brother should not quit his job and move to the Middle East (stupid salary) as he plans to do? He way paying that bond money to my parents.

Brother has said he will cover my parents bills. Great. Thats the right thing to do. But that cuts me out. As my parents were transferring the bond
money into a savings account for my kids.

AIBU?

It isn’t. Your brother’s choice of repayment has so far positively impacted your kids. This is stopping.

Removal of privilege can feel like oppression, but it is not.

I don't really understand what you're annoyed about.

Your parents no longer have a lot of money due to loosing their business. Your brother has been slowly repaying them the 150k loan, but now he is paying their expenses and will house them in their old age.

You don't want this because you want the 150k to go to your kids when they die??

See to me the loan has become a gift all of a sudden.

Brother is doing right my parents. Happy about that. But it means I am now totally overlooked.

So he can pay parents bills with stupid salary (nice/right thing to do), but also either repay the 150k in a lump sum or installments from stupid salary.
The airline bond is a red hearing. Its him who owes the money.

Sums it up.

That's between your parents and your brother.

He's already paid back some of it - it's not clear how far he got into the seven year deal with the airline but OP says he's paid at least some of it back that way.

Well my brother has said he will be pay their rent alongside some spending money. And parents are happy with that. So the £150k seems to have been forgotten

Not from what you have said. It appears that at the time of financing your brothers pilot fees (150k), your parents were in a completely different financial situation. However, after giving him that - things have changed. They have lost their business, are losing their house with no equity etc. So, he is repaying the 150k but instead of it being ‘spare’, it’s now needed for your parents to live, for rent and bills.

irrespective I’m confused how you think you are being diddled. The way you describe it, your parents gave brother 150K. Monthly, a little bit of that is reimbursed to your brother from his employer. This is given by brother back to parents as repayment of the 150k amount. So, no matter what form he uses to give it back it’s repayment of a loan essentially. But then you want that same money from your parents as a gift, not to be repaid? So, your brother borrows 150k and pays it back (irrespective how or in what form, but over approx 7 years), and then at the end of the day has no $$ from parents as it is repaid. But, then you just want 150k ‘gifted’ to ‘be fair’. I’m confused.

WTAF

No help at all at uni - parents asked us to take a gap year and save. Brother also went to uni

You still haven’t answer the question on who funded your education at the top university you went to?

You're ignoring all of the responses so why even bother posting?

This is your parents money! They'll need it for care home fees or having nice holidays etc. It's not your inheritance. They aren't dead.

Fund your own kids

But he is still giving them money / paying their rent, so how is it suddenly a gift? Just because the money is no longer referred to as a loan repayment?

It hasn't become a gift, he's just paying their rent and bills directly rather than giving them the cash.

It makes no difference to you either way.

OP do you not care that literally everyone here is saying you’re a money grabbing control freak?

Are your parents happy? Is your brother happy?

If so go better yourself and earn that inheritance for your kids if that is all life is about.

I guarantee when the time does come around that you lose them that it will be DB picking up the pieces. Not their money grabbing narcissistic daughter.

It won't negatively impact your kids.

Your grabby entitled attitude will negatively affect your kids if you bring them up with the same mindset as you.

I hope they leave your share of whatever it is to a cats shelter

Ah petums

If you want money earn it yourself don't look for handouts from family or state

Many people get no inheritance

I paid for uni myself with student loans and savings from gap year.

In 2nd year I got in a bit of a mess with rent (more than I could afford as I wrongly thought bills were included). Parents gave me £1k to pay landlord. That was it.

You sound disgustingly grabby. It's your parents' money and what they do with it has sod all to do with you. I notice that you said your parents paid money into your childrens' accounts but you keep saying that with this new arrangement YOU'RE missing out... Was the money actually getting to your kids or were you taking it/planning to?

Be glad that your parents are fit and healthy instead of thinking about how you're "left out" of inheritance, greedy

Isn’t inheritance the wrong term here, and a total red herring that has derailed things?

The parents were paying the money into a savings account for the grandchildren.

It was never your inheritance OP.

This has NOTHING to do with your entitlement to any of their estate upon their demise.

I am a bit confused.
It costs around £100,000 to get an ATPL and around 2 years.
so if your parents loaned him £150,000 then he should not be in hoc to any airline so I dont really understand this bond thing at all as it only applies if the airline paid for his training. Which they didnt….

ergo they need to do some digging….

Unless I have misunderstood db is still going to be paying them back by paying their rent and bills isn’t he