What did you do with your inheritance, if you ever got one?

[ShouldHaveMarriedTimDowling]

Did you consider it a family asset or yours only as the labour of a lifetime the dps left specifically to you?
Did you share it with your spouse?
Did you blow some of it on something fancy that's just yours? Did you put it towards the mortgage?

Curious.

Family asset for sure.

First inheritance was £10k which went towards a deposit on a house came from my side of the family (20 years ago). Second inheritance from DH's side paid off our very hefty mortgage and debts and bought us 5 barns which we are converting for holiday use. The company is named after the relative we received the inheritance from.

DH lusted after a Porshe but decided that he'd look a bit sad in one so settled for a surfboard instead.

Not due any unfortunately. My parents got a few inheritances and spent it on daft things like pizza. Whatever you do don't waste it but invest it and make it grow.

We used my inheritance from my Mum to pay off our mortgage, buy a new car and do stuff round the house. We still have some left in savings. We’ve treated it as family money.

Family asset. Money from my mum was down payment on house. Money from FiL paid off the mortgage. I know I'll get a fairly significant inheritance from my dad and that'll be invested for our retirement. The important thing for me was making sure it didn't get frittered away.

My smallish one (not from parents, they're still alive 🤞) went on some home improvements etc.

DH's (parental) set up a business, paid 20 percent off mortgage and built a large extension.

All seen as family money for family projects, but main decisions deferred to the recipient out of respect for their loss.

Cleared (small) mortgage, home improvements and (unpopular on MN but I don't care) bought a property to let. Had a holiday in USA and saved some. This was from both our parents.

ZOMBIE

Giving most of mine to my son for a house deposit and new car
Will be spending around 20k on stuff I want for my house and a few personal things for me and DH
Keeping 30k back to add to my rainy day fund

We bought a house outright, it's not huge or grand but it's lovely and it's all ours. It's given us freedom and stability and we are very grateful.

Caught out by a zombie! Bah humbug.

I inherited from my mother about 13 years ago. Not spent a penny of it (we don't need to as we're happy with what we have/do). I'm saving it to pass it onto our son as he'll need it more than we do, to buy a car and finance a house deposit etc when he leaves Uni and gets his first proper job.

@RowsOfHolly

ZOMBIE

Bloody hell why do people do that? This one is 7 years old ffs.

@RowsOfHolly that wasn’t aimed at you btw but the person who resurrected it.

I feel conflicted about this. On one hand if we get any it would be lovely to have a lower mortgage and a bit of fun. However, I can imagine feeling conflicted about it when it actually happens.

Parents all still alive but we've received a few small amounts from more distant relatives. First bought my expensive engagement ring, second one paid for IVF which produced our daughter. Both priceless purchases and very much shared money.

When DM died, about 1/3 of it on a mega holiday, and the rest on house renovations.

When MIL died, all of it on house renovations (different house!).

My mum had £600 in the bank when she died ( spent ££££ on her care home fees)
£600 ÷ by her 6 children
We got £100 each then had to put it towards her Headstone. Think the headstone was £1,200.
So sad my mum worked hard all her life and had fuck all to show for it.

I Bertie’s my mum’s flat before I married (or before I even met DH). Lived in it for a year or so then sold up to buy a property jointly with him (he sold a flat too). We had an agreement drawn up ringfencing money.

Then we got married and we’ve sold and moved a few times since, so it’s all joint marital asset now.

When I sold mum’s flat I paid off remaining mortgage and last bit of my student loans too.

I received £65k a few years ago. I put it into the joint savings account

We bought dh a car outright (I can't drive so he's the family driver, we travel to work to etc)

Had a family holiday
Put a chunk towards an extension (dh did the bast majority of the work)

The remaining £19k is still sat in the savings account

Used it to help keep a roof over mine and Dcs head after divorce