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?!

I had no help when I bought my flat but had to sell it when I got sick as I couldn’t keep up with the mortgage. My mum has a very small estate but it stays in trust until my stepdad dies. He’s not much older than me and in far better health so i’ll see nothing in my lifetime. My dad has even less and it’s shared between more. I have
nothing to leave my kids thanks to disability taking everything I had but they should benefit from my mum’s estate when my stepdad
dies. Im sad i have nothing of value to leave them.

My partner will inherit well (not millions) but he can’t budget and gets into a lot of debt so I can’t see it will do him any favours getting a lot.

My mum owns a house worth 250k and has probably 70-80k in savings, but she may well need care fees. So who knows.

No nothing from my side (my Mum has inherited at least 3 times and spent everything on a shopping addiction, a spending addiction and financing her boyfriend for 15 years (gallingly he left what is probably a couple of million to his sister and nothing to my Mum and obviously it’s his money to do what he wants with but he shouldn’t have sponged off her for 15 years.)

My husbands parents have a house, pension, savings etc but are clearly supporting one of their children financially quite a bit and we are very much the less favoured family so I expect very little will come from there.

I have many stories of them sitting grandchildren in a circle and eg giving them all Easter eggs except my kids who were given a crème egg ( many stories)

I think once the house is sold potentially around 250k, if there are no care home fees to pay. However, I'm approaching 60 and still have both parents so I'm likely to inherit during my own retirement and will most likely pass it straight on to DD as we already have a very substantial retirement pot.

I had a friend at Uni who was one of 3 they all inherited a house from someone they barely knew whilst still a student/early 20’s. They actually inherited 3 times 1 house from each of 3 maiden great aunts to be split between them! It set her up for life!

God knows. My parent likes to throw out a bit of random inheritance information at inappropriate times and it changes depending on who she favours in the moment. None of my siblings asks her or compete for it thankfully. We are definitely not financially equal at the moment but it will probably end up going to the last person to make her a cup of tea!

It depends on care needs. DH and I each have the possibility of an inheritance over 500k. We are already in our 50s. If we do see any money, it will help fund our retirement. We definitely aren’t including it in our financial planning.

I lost both parents by the time I was 40 and the inheritance passed to my dad's second wife. It's hard not to feel anger, and shame that he cared so little for me and my children.
No falling out, he loved us but relied on his wife to do the right thing which didn't happen. Every day I scrimp and save for pennies and think about how lucky some people are to have family support and a safety net. Plus the effect on my self esteem that I wasn't worth bothering with.

Very little from my side. My parents divorced and my father who retained the family home remarried. The majority if not all of his estate will go to his wife (rightly so). My mother has very little and she does have Will probably go on her care.

There’s more money on DH’s side, but again care in their later years is likely to use that up.

In any case, by the time we would be likely to inherit, we would probably pass it onto the kids anyway.

In 2002 I received £100k when my dad died. We used most of it to pay off the mortgage.

We inherited £300k from DH's side and would be inherting £500k from my side but I've told them to make sure they spend it all (probably will on care fees eventually)

We live with her, so shouldn’t be a problem. We will obviously seek professional advice before doing so though 😊

All of our parents have died in the last 10 years. DH got nothing, I got a modest inheritance of £30k which was nice, but didn't touch our mortgage sadly. No house deposits before that. My parents made lots of bad decisions with money and DHs were always in social housing and never had money.

Most of our friends are set to inherit substantial sums over the next 5-15 years as their parents all own houses in the SE. The sort of money that will pay off their mortgages and provide deposits for their DCs. It is what it is. We've been lucky to earn good money and stay together which has meant over the years we've bought a lot of money in and have something to pass on.

A lot of people, if they inherit at all, get it later in life, unless they're receive anything from GPs.

All my GPs died with barely anything. When my ILs died a few years back DH inherited around £200k from his share of their estate (shared with one sibling).

My DF died several years ago but mum is still alive at 89. I'm early 60s. Providing she doesn't need paid care then her house will be split between me and my sibling and the estate, with savings, is worth in the region of £500-550k.

Very alone financially since 16. Doing okay, but definitely feel panfs of envy when friends' grannies die off and seem to leave everyone 50k.

Unless care home fees are needed, I’ll inherit half of my parents’ house and savings with my sister, minus a lump sum they’ve ring-fenced for my DD, their only DGC. If my dad has his way, my sister wouldn’t get anything as she’s v.v LC (out of laziness) so who knows what will happen if my mum goes first.

My DP might get a third of his mum’s estate but she did an equity release on her house almost 10 years ago and I imagine the balance now is extortionate.

From another angle, I’m one of the much derided Boomers and my now 45 year old will benefit enormously from us, barring care fees of course. So the benefits of the so called cushy ride we’ve had, will pass to a millennial.

Unless the money goes on care homes, I’ll get everything from my parents (only child). House is worth about half a million, plus whatever is in savings.

Along with my sister, I had to help support my mother financially (as well as providing care) who lived to be over 100. On DHs side we inherited a sum which paid for a loft conversion and extension back in the day. Once I got a Saturday job I was expected to pay for my own clothes and entertainment, I left home at 18 and have always been self supporting.

DF is now widowed. He's early 90s. If his half of the house isn't swallowed up in care fees DS and I would inherit roughly £150k each. We are early 60s, mortgages long gone, so it would be used for our care fees! Neither of us have children so some charities that support things that give us joy will benefit otherwise.

My dh’s parents had some but that inheritance is all gone now. Mine? Not a bean. They inherited nothing and have equity release on their house, so doubt there’ll be anything left.

It hit me more when I was at uni as a teen, all my mates got hand outs and I had to work. They’re berate me for staying in when skint and I had to forcibly tell them my parents can’t bale me out.

Most people I know have had to go it alone and that isn't a bad thing. Every penny I have earned has been through my own hard work. We bought our house with money we earned. My parents and inlaws did the same when they were buying homes. My parents supported me with an education, believing in me and always reinforced that they would always be there for me. That is worth a heck of a lot more than any monetary help and has allowed me to work hard and achieve for myself.

Our household income is higher than that of both sets of parents. We will be able to help our children financially in some ways. For instance I would very much like to pay for driving lessons, a car so they can have extra lessons with dh and towards uni. I don't intend to provide house deposits. I had a part time job at 16 and worked whilst at college and uni.

I will inherit a share of my parents rental property but I have no plans for what it would be used for and would rather parents sold it and used the money to travel themselves. Dh did not receive any inheritance when his dad passed.

No idea! My dad has a vair naice house, (too big for him and his dp), but for all we know we will need to sell it to pay for care for him in later life, or he'll leave it to his partner. I believe he put some money into trust for us at some point so think maybe something but not life changing amounts and hopefully not for a long time, so I am not licking my chops for the money!

I did inherit a bit of money from my grandmother about 10 years ago, but we had already bought our house by then. I think waiting round for an inheritance before buying your home is for rich people in Murder She Wrote only!

Nothing.

My dad died 13 years ago. He left everything to his wife and new children.

My mother disinherited us for many reasons but her main one was, "If your dad didn't leave you anything, why should I?" 🤷🏻‍♀️ that's the one that absolved her of any sense of 'duty'.

There is no one else.

May depend if my step-mum spends it all on her biological kin or not. She will outlive my dad. My dad generously gave up his share of an inheritance to help his siblings one time.

My grandfather used to say "I'm so proud that I have so much wealth that my kids and grandparents will inherit!". After his death, the estate got frittered away (by grandma) on just a few relatives before others could inherit any of it. So yeah I could inherit a nice chunk or could be peanuts. Better not to have expectations.