To ask if you’re likely to inherit much?

[WimblesThimbles]

Anyone else not really got any generational wealth to speak of?

I have £30k in savings for a house deposit, currently rent and I’m nearly 40. Not much likelihood of a lottery win and no generational wealth to come into.

I feel like all my friends have had a financial head start through some type of either financial gift or inheritance.

Anyone else like me, and just going it alone?!

Not a bean from my side. Possibility some from dh side depending on care needed in years to come.

Nothing from DHs side and there will be some money from my side but wether any of it it will be left to me is in doubt.

Same age, starting from scratch due to Events. You're in a better place than me - we keep on keeping on!

Unlikely to receive any here either. Maybe my side if there's no care fees but it will be split between 3. Anything will be gratefully appreciated but ill probably pass it onto my children to help them have a leg up.
I've seen the massive advantage it gives to people who receive money young so im happy for it to bypass me.

I doubt it, there are siblings with mental health issues and I think they will need to be provided for and remain in the family home so it won't be sold and they could never buy the rest of us out, and we're a relatively large family.
When the time comes, hopefully a very long way off, I hope to make life financially easier for DC

No, nothing. Mum squirrels money away so there might be some savings when she’s 67 and fit as a fiddle at the moment. It certainly won’t be life changing amounts though.

Nothing at all. We’ve been helping our parents out financially for many years — they have little more than their state pension, and no property.

Absolutely fack all. My Dad passed away leaving nothing but debts, and my Mum will leave everything to my sister aka her golden child. I'm OK with that (it's taken years to be!), but will make sure that DH and I don't treat our own kids the same. Our wills are set to leave everything to our DC in equal shares.

Zero.

My parents are well off (mortgage paid off 25 years ago, run two cars, 8-10 holidays a year), but I don’t expect there will be anything left to inherit. They’ve basically told me never to come to them for money.

Excuse the Guardian link

https://www.theguardian.com/lifeandstyle/2024/nov/17/bank-of-mum-and-dad-why-we-all-now-live-in-an-inheritocracy

I doubt it. My parents live in social housing. As do we. MIL is destitute and lives with SIL. FIL - who knows? DH was estranged from him for years, until recently. But probably not. We're not expecting to inherit anything really.

Nothing from my family. Dh may inherit a little something from his parents but that would really depend on how their health holds up and how much care they need. We have both worked hard and have savings, lots of equity and a big house to sell at some point. We have enough to help our own children a little with things like Uni, cars etc.

You're in a good position with so much savings. But you need to make sure you don't wipe that out on buying a home. Home ownership comes with a lot of costs and you might need a buffer for that.

Nothing not a bean. Brother has persuaded DF to leave it all to the grandchildren however it’s nearly all tied up in their shared house and the grandchildren will inherit when my brother “downsizes”.

However, brother is a specialist land and property solicitor and I suspect the house will not be sold merely transferred to his DC only 🙄

Nothing.

Nothing from my side, and when I was younger I felt the sting when friends had financial help to get on the ladder. I accept it now. OH will have something coming his way. I do not consider it anything to do with me because we're not married, plus he isn't very financially savvy! I dread to think what he'd waste it on. 🫣 Hopefully he'll consider our DC when he inherits.

Like you, I'm in my 40s, but no savings or mortgage - I private rent. I have a decent life insurance policy set up to support DC if anything happens to me, and I top up her premium bonds as and when I can.

There's potential I could inherit a third of my parents house but I think in all likelihood it'll end up paying for their care instead so I'm not banking on it. Only just started a 25 year mortgage at 40, so as long as it's paid off by the time I get to retirement age I'll keep working to pay the bills to the end of my time.

I inherited about 300k from my parents a few years ago (in my late 40s). DH (currently mid 60s) will get some, but probably not so much. Tbh we didn't really need it by that point as we already had good jobs, a nice home and were well on our way with our pension. i feel we're just hanging on to it and waiting for the right time to pass a large chunk onto our children in a few years time, who will need it much more than we did.

My parents have a house but I’m aware it could all end up going on care home fees. C’est la vie. I don’t really think about it much.

Not a penny from my side.

My dad lives in rented accommodation and scrapes by on his state pension.
If no care home fees, there may be a small amount from DH side.

Perhaps about £50k from my mother’s estate, but we don’t have much of a relationship and Parkinson’s runs on her side of the family, she’s showing signs of dementia, so I don’t expect to get anything.

I never really get why in films, books etc great store is set by inheritance. In Agatha Christie novels, for example, it is often a significant preoccupation and a motive for murder. Yet in reality, for most people, by the time they inherit anything they are in their 60's or even 70's. So most people have had their lifestyle level dictated by their own efforts, regardless of inheritance prospects. At most, anything left after care home fees, may make retirement slightly more comfortable.

DH and I are 64/65. He's still working, I am part-time. Our mothers are 89.

DH and I don't need any money and will pass anything straight to the children using a deed of variation.

What would have been my substantial inheritance was withdrawn by my mother because I chose to move abroad and marry a foreigner. She cited the different, and complex, laws of inheritance in that country as being an issue.

I haven’t had any help with a house deposit as my parents didn’t have much savings and didn’t agree with me buying a flat at 19 with my then boyfriend. It turned out to be a sensible financial decision though as mortgage gets paid off this year before I’m 50.

If I inherit anything I’ll save it to give DS a house deposit but of course there might not be anything if my mum needs a care home.

If they passed away today, roughly 500k I'd estimate. But, they're mid sixties and both very active and fit. They also take lots of trips and have a ton of hobbies, so who knows how much will be left and when. It's nice to see them enjoying life.