Is it wrong to want an inheritance early?

[Anonymous]

Anonymous wrote:This can't be real. OP are you trolling us? Are you a real person?

Oh I have no doubt it's real. My BIL could have typed this. He's been counting his inheritance since his grandma was 80. She just passed at 96.

Op - it's wrong. I hope she lives a long, full life.

[Anonymous]

Yes, it is wrong. You should learn to be satisfied with what you earn and not look for someone else to make fulfill what you lack whether it's monetary or morally.

[Anonymous]

Very wrong. She needs her money. What if she needs round the clock care in the future? I have experience seeking care for my FIL and it's very expensive. At 400K, you should be able get your family into a bigger house and nicer neighborhood without help from your MIL. You'll just have to sacrifice and maybe not be close in or get a fixer upper. Don't even bring it up to your MIL. You may not get anything if you do.

[Anonymous]

I can’t believe $5 only grew to $6 “after a few year”.
That money isn’t well invested.

If your DH has any brains he’ll keep his inheritance separate. You sound like you know very little about inheritance including stepped up basis.

[Anonymous]

Anonymous wrote:Yes, it's wrong OP.

The stock market could crash tomorrow, something major could occur and your MIL might use much of the remaining money for care. Who knows? Then you would be on the hook to give the money back.

This is written like a troll post anyhow, so it's hard for me to believe someone could think this way.

except she wouldnt give the money back. MIL would be out of luck.

op, back off. you're awful.

and fyi, if and when your husband does get it, it is HIS money legally, NOT yours.

[Anonymous]

This is a troll.

[Anonymous]

Well, to be fair, what OP is describing w/r/t housing is a real crisis in this country. Very hard to move with mortgage rates rising and home prices still very high. People are staying put and for those who want/need to move, there are very few options.

So for OP it would be nice if someone could help with a downpayment in this crazy market. I get it. But yeah, it's not gonna happen. And that $6m has already dropped. I wouldn't count on it bering there in the future. Your MIL sounds like she's living a good life and she'll need much of that to live it.

[Anonymous]

OP’s spirit animal is a vulture.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How big of a house do you want, OP?

Maybe 5,000 square feet with a yard

that is more than 2x what is spacious.

[Anonymous]

Anonymous wrote:DH and I work very hard and expect to pull in around $400k next year between the two of us.

We would like to move to larger house in an nicer neighborhood, but we can’t financially pull it off even though we work hard and save pretty well.

We have two kids who could benefit from a larger home.

DH’s mom is a widow, nearly 80 and lives in a nice but not super fancy retirement community.

She’s fit and healthy, takes care of herself, sees her grandkids maybe four times per year but doesn’t get super involved and likes her ample free time.

When her husband passed, she inherited $5M, which has grown to $6M over the past few years. When she dies, the plan is to divide up the estate between DH and his three siblings, provide some for her own sibling who is even older than she is and give an ample amount away to charity.

With two young kids and costs for child care/food/gas going through the roof, it would be nice to get some of the inheritance early from her to help provide a stronger cushion and help with a down payment.

We know we will inherit around $1M eventually but it could be another 20 years from now.

DH is adamant about buying a bigger house on earned income instead of her financial gifts but it will take several years to do that and by then we might not want a bigger house and a yard since the kids will be teenagers by then.

Is it wrong to wish we could receive more inheritance now to live out our dreams?

I have seen a few peers get financial help with a down payment to secure the large single family home that they could not afford on their own.

Wait, so you want to buy a house that you think you won't even want a few years from now? Come on. That's insane.

[Anonymous]

Anonymous wrote:Well, to be fair, what OP is describing w/r/t housing is a real crisis in this country. Very hard to move with mortgage rates rising and home prices still very high. People are staying put and for those who want/need to move, there are very few options.

So for OP it would be nice if someone could help with a downpayment in this crazy market. I get it. But yeah, it's not gonna happen. And that $6m has already dropped. I wouldn't count on it bering there in the future. Your MIL sounds like she's living a good life and she'll need much of that to live it.

No. Owning a home, making $400k/year, and wishing you could *poof* into a McMansion on someone else's dime is not a real crisis in this country. The housing market may have barriers to entry but OP is not facing any of them. Put your violin away.

[Anonymous]

OP - If you MIL gave you $1 million now and ended up living a long life and running out of money, would you be willing to take her into you 5000 sqft home to help care for her during her final days?

Yeah, I didn't think so.

[Anonymous]

When your MIL passes away, your DH will inherit something from her. Not you - your DH.

There is no such thing as an inheritance until someone is dead. Before that, it's other people's money.

Don't count other people's money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:How big of a house do you want, OP?

Maybe 5,000 square feet with a yard

A family of four doesn’t need 5,000 sq ft. Not even close. Get over yourself and find a house you can afford with your ample earned income.

It would be nice to have a yard for the kids while they are young.

[Anonymous]

Anonymous wrote:Well, to be fair, what OP is describing w/r/t housing is a real crisis in this country. Very hard to move with mortgage rates rising and home prices still very high. People are staying put and for those who want/need to move, there are very few options.

So for OP it would be nice if someone could help with a downpayment in this crazy market. I get it. But yeah, it's not gonna happen. And that $6m has already dropped. I wouldn't count on it bering there in the future. Your MIL sounds like she's living a good life and she'll need much of that to live it.

OP's HHI is $400K.

Cry me a river.