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Are you inline for a good inheritence?

roger_purvisroger_purvis Posts: 968
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in General Discussion #1
I reakon i should see close to 7 figures with my and my wifes combined inheritience forecasts come the sad day. Unless they spend it all on holidays before we get our hands on it. How are you set?
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    Pumping IronPumping Iron Posts: 29,891
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    #2
    No idea TBH. Never seen my parents or my in-laws wills.
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    FizixFizix Posts: 16,932
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    #3
    Nope, I've told my parents to give my younger brother (who has severe learning difficulties) my share as he will need it more than we will.
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    Pumping IronPumping Iron Posts: 29,891
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    #4
    Fizix wrote: »
    Nope, I've told my parents to give my younger brother (who has severe learning difficulties) my share as he will need it more than we will.

    That's a kind thing to do.
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    sodavlacsodavlac Posts: 10,607
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    #5
    Doubt it. My parents are skint and my dad still works full time in 70s in a not very well paid job as he still has a large mortgage to pay. Don't see him getting close to paying it off fully. I'd help if I could but I'm struggling myself.
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    AaronWxAaronWx Posts: 2,531
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    #6
    Not a penny. There's no wealth in my family before my generation really. Me and my partner are doing pretty well for ourselves though, I imagine we'll be the ones leaving behind a nice inheritance for the younger generations.
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    doe_a_deerdoe_a_deer Posts: 2,132
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    #7
    What a crass subject to discuss. I'm pretty sure 'inline' is incorrect in the context as well.
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    FizixFizix Posts: 16,932
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    #8
    Pumping Iron wrote: »
    That's a kind thing to do.

    I guess it is, but I don't quite see it as generous, I'd feel more of an ass if I didn't as he won't be able to support himself like most people can. My older brother has done the same, so it should help him a lot.
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    kitty86kitty86 Posts: 7,034
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    #9
    Nothing from my parents, maybe a few bob from my grandparents, haven't really given it much thought. I'd prefer them alive and well for quite a while yet than to have the money they may leave behind.
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    whitecliffewhitecliffe Posts: 12,157
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    #10
    doe_a_deer wrote: »
    What a crass subject to discuss. I'm pretty sure 'inline' is incorrect in the context as well.

    We the OP does rather like to mention money. He started another thread about his £12K payrise.
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    Seth1Seth1 Posts: 676
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    #11
    I have always felt extremely uneasy discussing the subject and won't have anything to do with it until it is being read out.
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    [Deleted User][Deleted User] Posts: 6,924
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    #12
    Doubt it. But my dad gave me a bottle of Brandy he had for my 40th birthday. He died a few years ago so the bottle of brandy is now priceless and worth a lot more than any money would.
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    shoestring25shoestring25 Posts: 4,715
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    #13
    I reakon i should see close to 7 figures with my and my wifes combined inheritience forecasts come the sad day. Unless they spend it all on holidays before we get our hands on it. How are you set?


    the taxman will love you they must be looking forward to their 40%

    plus who to say in the future they dont need to go in a care home and they have to sell there assets to pay for their care
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    Bex_123Bex_123 Posts: 10,783
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    #14
    roger_purvis wrote: »
    I reakon i should see close to 7 figures with my and my wifes combined inheritience forecasts come the sad day. Unless they spend it all on holidays before we get our hands on it. How are you set?

    If some terrible tragedy happened right now, I would get a lot. But I hope my parents enjoy their retirement fully, when they do so, and experience everything they could ever wish to do with the savings they have worked so hard for all their lives. They are the type of people who will put something aside for me, I just know it. But I would much prefer they leave nothing. It is all theirs as far as I'm concerned.
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    Ninja_NathanNinja_Nathan Posts: 292
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    #15
    kitty86 wrote: »
    Nothing from my parents, maybe a few bob from my grandparents, haven't really given it much thought. I'd prefer them alive and well for quite a while yet than to have the money they may leave behind.

    Me too, I'd give every penny I have inherited back a billion times over just to give my gran another hug.
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    Pumping IronPumping Iron Posts: 29,891
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    #16
    shoestring25 wrote: »
    the taxman will love you they must be looking forward to their 40%

    plus who to say in the future they dont need to go in a care home and they have to sell there assets to pay for their care

    To be fair there are plenty of loopholes to avoid this.
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    3Sheets2TheWind3Sheets2TheWind Posts: 3,028
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    #17
    doe_a_deer wrote: »
    What a crass subject to discuss. I'm pretty sure 'inline' is incorrect in the context as well.

    Indeed it is, which is why I'm not going to dignify the question with a response.
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    alan29alan29 Posts: 34,640
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    #18
    We are at the other end. Retired and SKI-ing - spending the kids inheritance.
    Having a bloody fine time of it, too.
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    spookyLXspookyLX Posts: 11,730
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    #19
    Nope parents aren't well off and tbh I think it is a bit crass wondering how much money you think you might inherit but that's just me
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    [Deleted User][Deleted User] Posts: 6,924
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    #20
    alan29 wrote: »
    We are at the other end. Retired and SKI-ing - spending the kids inheritance.
    Having a bloody fine time of it, too.

    Well done you. Our 3 kids will get our house, hopefully, but no money. :)
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    ShrikeShrike Posts: 16,608
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    #21
    shoestring25 wrote: »
    the taxman will love you they must be looking forward to their 40%

    plus who to say in the future they dont need to go in a care home and they have to sell there assets to pay for their care

    Estates are only taxed above £325k so if we're talking Roger's parents and Mrs Rogers parents it could be that only £350k will be liable to tax.
    I expect the threashold to raised or even abolished at some point anyway.
    As regards care home bills Dave has promised no more than £70k should be payable, though I'm not sure on the details.
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    alan29alan29 Posts: 34,640
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    #22
    avasgranny wrote: »
    Well done you. Our 3 kids will get our house, hopefully, but no money. :)

    Yep, same as ours.
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    LyricalisLyricalis Posts: 57,958
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    #23
    Very unlikely, unless they've been hiding their wealth very well indeed. I'd only encourage them to spend it and enjoy it if I did find out either had any money tucked away. As a socialist, I don't really consider inherited wealth as a positive thing for society overall anyway.
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    3Sheets2TheWind3Sheets2TheWind Posts: 3,028
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    #24
    Lyricalis wrote: »
    Very unlikely, unless they've been hiding their wealth very well indeed. I'd only encourage them to spend it and enjoy it if I did find out either had any money tucked away. As a socialist, I don't really consider inherited wealth as a positive thing for society overall anyway.

    Ok, comrade, enough of the speeches.
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    Billy_ValueBilly_Value Posts: 22,920
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    #25
    i wont have pot to piss in
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    [Deleted User][Deleted User] Posts: 6,924
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    #26
    Billy_Value wrote: »
    i wont have pot to piss in

    Maybe one of the nice fm's on food and drink could give you a spare one? :p
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