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?!

Nope - father in second marriage ( over 35 years ) to a younger woman - but that’s ok Hes happy and she’s lovely !

Well it depends. If my parents were to both die tomorrow, then yes, probably quite a lot. But they’re in their 60s so hopefully many more years for them to spend it all! And of course care costs may take a chunk. Also my mum had me when she was 25, and her mum died at 95, so if she lives as long as her mother any inheritance will come quite late in my life. Same for my dad, his dad died at 98, his mum still going strong at 97. Obviously I’m not complaining about that!

Same for DH. Wealthy healthy parents in their 60s, but a lot can change in ~20-30 yrs.

If all four (parents and in-laws) were to die tomorrow, DH and I would probably get well over a million once it’s been shared between respective siblings. But it’s certainly not something we ever factor in to any financial planning. We’re well aware, and perfectly happy, that we might get nothing at all.

Nothing from DH side. House was signed over to his sister. Him and other siblings given £20k and that's it. Don't care as she's now inherited the care of her parents if and when needed.

On my side, not sure how much. Don't really care. If my folks flitter it all away it's there's for the doing.

Just inherited a quarter of my fil’s estate, putting some of it into savings for dc and using some for house updates which we desperately need.
Doubt I will inherit anything from Dd, Dm passed some time ago and my brother and I received about 1k each.

Both of my parents had more than one marriage each.

My Mother left her entire estate to my sister the other 5 of us got nothing, in theory we should have each got if split evenly about 40k each.

My Father only left 12k but he had lived in nursing care for almost a decade and left no will. My siblings are all a lot older than me and their children are not much younger than me and had finished education. It was decided that my DS could have it which was very generous of them.

DH parents also divorced

DH Father left his entire estate to DH sister it was 300k.

MIL is splitting it evenly if she doesn’t need care her house is worth about 550k.

So in a fair and equitable world DH and I should be up 190k, we are in the not the favourite child club.

Yes, if my parents were to die tomorrow (which I do not want) I would inherit something. But I hope they’ve got a while to live and obviously care could burn through the lot, if one or both of them needed it.

No, both DH and I have been told by both sets of parents that their rich golden children are getting everything and nothing is coming to us. Both sets of parents have the belief that money should go to money because “they’ve worked harder” (they haven’t). Needless to say these days we are a mix of LC/NC!

Nothing here , no inheritances received , only MIL left and she will prob need a care home , we’ve managed just fine through our own merits . Frankly I’m more concerned about making sure we leave plenty for our adult daughter who is disabled .

My dad was a coalminer. He owned his own flat until it was bought for very little via compulsory purchase. (He got the equivalent of 4k nowadays.) There's a car park there now.

My parents did leave me a little - they were frugal - but there was no house etc. When Mum died, I was 55 and her estate fell into the category of a small estate. In actual fact, unbeknownst to my parents, I'd been helping them out with bills etc.

However, I should state that my parents helped me to buy my first car so that I didn't have to pay interest on a loan - I paid them back so much per month.

I recall my husband telling me that his mother had ten shillings in the bank when she died.

We were discussing this recently. We live in an affluent part of the SE and realised that we are the only people we know who won’t inherit anything. Everyone we know has at least one parent or grandparent that owns their own home. Both of our mothers live in social housing. (Both fathers dead, all grandparents dead - not that they owned property)

Either my DF will leave a really expensive house (my parents bought it in the 60s) or nothing, depending on whether he needs a lot of care.
I was just posting about this in Legal, if we have enough we'll pay off the mortgage, if a bit more we'll put some aside for the DCs to put towards a flat(s) (property is a heck of a lot cheaper where we live than where he lives). But as DS has a disability we will be trying to put some in trust.

My parents’ home will be worth a good chunk, but I’m assuming it will all go on care home fees. My mother is going to live to 120.

They are big believers in “good time not a long time”. My grandparents died with assets and my parents thought them stupid for not enjoying life more.

Nothing from my parents - they're leaving everything to charity. Nothing from DH's side - he was written out of their Will cause MIL is a cunt.

My husband inherited just over 100k from his very elderly grandparent - very surprised at the amount. His mother is young and in residential care and house being sold to fund this so nothing there. My parents have >500k in house savings , but are enjoying retirement and travel , both are prettt young <70 but don’t live particularly heathy lifestyles so who knows !

Nada. And, controversial, but i don’t intend to leave much to my kids (despite having amassed quite a bit through luck and hard work). I don’t think unearned money is good for people

Nothing at all for me or DH. We help our parents out financially rather than it being the other way around.

No, not expecting anything. I imagine our friends will presume we are, as both sets of parents are MC owners of decent sized houses. But they’ve both got lifetime mortgages to enable them to enjoy the equity in their homes, which is fair enough.

However, my parents gave us 10k towards our 30k house deposit when we were FTBs around 12 years ago. Not mega huge in the scheme of things but this allowed us to get on the ladder at least a year earlier than we would have done at a time of rising house prices, so very helpful

I will add we didn’t need the money at all but I was hurt that my Mothers other children didn’t get anything as she knew that they had really struggled for money. All of them had worked hard but they had stayed in low paid jobs like residential care and two of them had serious health issues.

We inherited a quarter share in a small northern house from dh's mum and stepfather. We divided it evenly between our children so they can use it for university or a house deposit whichever they choose.
We will inherit a share in a small northern house if it is not all eaten up in care home fees as dh's father is now in a care home and physically quite robust.
My parents are going great guns so unlikely to inherit anything there soon and I suspect that there will be very little to inherit from their estate.

No and I’m ok with that. I’m unlikely to ever be in a position to buy but that’s my doing.

When my mum retired she was on a public sector pension & got given a lump sum on retirement, she gave me £15k to match what I had saved for a house deposit so DH & i could get our first flat (in london). It probably saved us an extra year of saving but prices rose a lot in the time so it was a huge help.

When my grandma passed on she had a tiny retirement flat, it wasn't worth much & the estate was split between her kids. my dad gave me 3k from his share.

I think there should be inheritance one day (both mine and DH parents own biggish 4 bed family houses) , but we both have multiple siblings that it will shared between & if its anything like our grandparents, a big chunk will go on care fees first.

We are ok though, we don't "need" it, we've been able to buy our own family home (with a sensible mortgage) and have better than average mortgage pots for our ages.

Never been given any monetary support as my parents prefer to spend it all on themselves (10 holidays a years etc). However if they die without having to go in a care home, likely to inherit circa 500k. They are mid 70s and look to be in good health. I'm 44 and never have much spare cash, but I have my parents.

Nah there will be a big fat fuck all for me. My older and younger sister got 10k each for a house deposit a few years ago. I got nothing. So would never expect anything even though I've done all the care needed for family members.

I think it’s 50/50 on whether I’ll outlive my father (mum is already dead). He has a flat worth about 200k which is due to be split between me and my brother if I do. If I don’t my share will be passed down to my heirs so my kids will get it. This is assuming it doesn’t go on care costs.

I've received about £24k in the last five years from my nan and great aunt.

Nothing to inherit from my parents or other relatives.

Dh will possibly inherit circa £40k.