Will you and DH get an inheritance?

[Anonymous]

Anonymous wrote:DH’s parents have already passed away (no inheritance whatsoever). I’m also expecting to care for my mom in old age and know she doesn’t have anything for us. I’m estranged from my father. So no, not going to get anything. Pretty jealous of all the others here.

Some of them are in denial about how much their aging parents will need to spend. Don't be jealous of them.

[Anonymous]

My whole family is super uptight and unwilling to talk about money. My parents are softening a bit in their old age, but growing up it was taboo.

I knew my grandparents has some money and their was some muttering about an educational trust of some sort, but I really wasn’t expecting anything. When my grandparents passed away, each of the three grandkids got about $1 million. That was a very pleasant surprise. I don’t touch it, but it’s such a relief to have it there. DH and I are both self employed with a fair bit of risk involved, so knowing it’s there in reserve is all that’s between me and a nervous breakdown some days.

[Anonymous]

My father inherited about $250K, and my mother inherited about $200K in cash and a big piece of land. Her share of the land is worth about $1M.

My parents are only 67/70, so I have not idea if there will be an inheritance. They could live another 20 years or more, and the need for care could eat everything up.

My in-laws came to this country as refugees. I know my MIL didn't inherit anything. Her father died when she was a child, and her mother had no assets to pass down. My FIL's father had some assets. Each of the (many) grandchildren inherited about $1500, and my FIL got a bit more. No inheritance from his mother as far as I know (FIL's parents were long divorced.

My in-laws are in their early 70s, so again I have no idea about an inheritance. They have done well in the US, building a stable middle class life with healthy savings and a paid-off house after coming here with absolutely nothing, but health care is the great unknown. I imagine that the bulk of any assets would go to my disabled SIL if she is still living. So, not counting on anything.

I hope my husband and I can leave nice, if not huge, inheritances to our children, but who knows.

[Anonymous]

My in laws inherited about $500k, and my parents received nothing.

If I had to guess, we will inherit $2M from my in laws (that would be a third) and $20M from my parents. (That would be half.) Hopefully this is all more than 20 years away.

We do not count on it or expect it. We have been saving about 30% of our income every year since we got married. We have $2M if our own investments now. Neither of us ever went to a private school, including grad school. None of our cars have fewer than 130,000 miles. I could go on and on. Our kids go to public schools.

I anticipate that our kids will be set up quite securely.

[Anonymous]

Anonymous wrote:Nothing from either side. Our families are broke.

Our kids will get a lot when we go though.

I will probably get the bill when my mother kicks the bucket.

[Anonymous]

Was relieved no debts when my parents died. My DH inherited 2 houses worth $1M - sold one and the other earning rental income. Hope to leave $2M-$3M each for our 2 DC. Their college including grad school will be paid.

[Anonymous]

Anonymous wrote:My mom did not receive any inheritance.
My dad and FIL both financially supported their parents in old age.
My MIL received a small inheritance. I would guess around $100k.
I will inherit about $2-300k. My disabled brother will inherit $2 million. I will inherit any remainder from my brother if he dies before I do.
DH will inherit around $5 million. Hopefully most of that will be passed on to our kids, though realistically I know DH and I will spend about $1 million of it. We have not prioritized retirement saving as much as other things because of this expected inheritance. (Yes, yes, I know, you cannot count on inheritances. We are saving, just not as much as we should.)

How'd you set that up? Don't special needs trusts and ABLE accounts have medicaid paybacks? Or are you rich enough to not be worried about SSI and Medicaid eligibility?

[Anonymous]

Nope, grandparents were poor farmers, and my parents are poor. Husband and I hope to leave something behind to our children.

[Anonymous]

Yes from mine - they have two properties and lots of land. Not from H - his dad remarried another woman who likes to spend his $$.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH's Grandma has money set aside. (It won't be what some are hoping for)

MIL has been "sharing" while she's still alive. That's what she calls it. She doesn't want the Government taking most of it.

My mom received a small inheritance when my Grandma passed away.

Unless her estate is over $2m, govt shouldn’t get any of it.

She's been told the Government will take whatever percentage.

Her part of the family likes to discuss this stuff. I don't. She recently had a health scare, and that got her thinking.

I was surprised and uncomfortable when I wasn't even actually part of the family yet and people were talking about expected inheritance. Yuck. Some were planning their spending spree years ago. I laugh at them now.... the people they were planning on getting big bucks from are still alive.

There really is nothing humorous about that. It's actually really sickening..

It isn't a humorous laugh.

[Anonymous]

I hope not! We’re doing fine and I hope my parents have a blast in retirement and never worry about money. If there is something left over I know there are charities that they really support. The idea of waiting for an inheritance is sickening.

[Anonymous]

Anonymous wrote:Hopefully my parents will live long enough so I don't get an inheritance from them. I'm hoping MIL kicks it soon as we're expecting a couple hundred grand.

[Anonymous]

Me? No. Only debt from my parents who got addicted to Credit Cards when i was young
Him? Oh yeah. They wanted a prenup, i said yes but then they dropped it.

[Anonymous]

Anonymous wrote:Ugh, the people circling like sharks around their aging parents...

What on earth happened in life to get you to this point? I am legitimately sad for you. I mean that quite sincerely.

Oh ..don’t be sad for us. We will be okay.

[Anonymous]

My parents didn't; don't know about my in-laws.

I don't expect an inheritance from any family. Their money should be spent as they see fit and then on their care as they age.

I hope to have built enough wealth to leave behind money for my children, although my bigger goal is to pay for their college and I hope a down payment on a house. I'd rather launch them in early adulthood so they won't need an inheritance.