Will you and DH get an inheritance?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband got about $200k from his grandmother and will receive some when his parents pass (hopefully not for several decades!).

I received $23k when my grandma died, which was a total shocker. She was very poor and would reuse tinfoil, limit baths to about 2 inches of water, etc. Here estate was mostly split between 5 grandkids, so this was a total surprise. I will get some when my mom passes, again, hopefully not for a couple decades.

For those that say that a certain amount is t life changing, I paid off my student loans and paid for an extended maternity leave with my inheritance. I think of that as life changing.

Inheritance in your 20s is life changing but it’s not in your 60s or 70s.

Ummm, I've seen plenty of instances where a 60 something absolutely had a significant upgrade in there quality of life after receiving an inheritance. It's strange that you think only young, able 20 somethings could appreciate an inheritance.

I don’t think that’s what pp meant.

[Anonymous]

Anonymous wrote:

Anonymous wrote:We got a little over $100K from my maternal grandparents 15 years ago. My parents passed it directly on to me and my siblings because they didn’t need it.

Will get in the neighborhood of $2M from my parents and probably $150K from my in-laws.

When you say that your parents passed it directly to you does that mean that they refused their inheritance money and it automatically went to you? Or did they inherit the money and then gifted it to you? Just wondering how you can go about doing that.

I’m actually not sure but I can ask. I think it came directly to us because my mother died a year before my grandfather, but my father was/is still alive. If it came to her estate, my dad would have had to refuse it, I think.

[Anonymous]

I got some insurance money from a small policy when my mom passed but not much else. I used that money to take a three-week vacation (she and I used to take trips together) because I don't have debt outside of my mortgage and my mom always fussed that I was too responsible and didn't let myself enjoy life.

I don't have children, unfortunately, so will pass on monies to my nieces and nephews if there's anything left after old age care for me.

My ex-husband didn't inherit anything.

My grandparents were blue collar people from the South (grandads were mechanics, grandmothers were "the help") born to sharecroppers.

-- Black American

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:My husband got about $200k from his grandmother and will receive some when his parents pass (hopefully not for several decades!).

I received $23k when my grandma died, which was a total shocker. She was very poor and would reuse tinfoil, limit baths to about 2 inches of water, etc. Here estate was mostly split between 5 grandkids, so this was a total surprise. I will get some when my mom passes, again, hopefully not for a couple decades.

For those that say that a certain amount is t life changing, I paid off my student loans and paid for an extended maternity leave with my inheritance. I think of that as life changing.

Inheritance in your 20s is life changing but it’s not in your 60s or 70s.

Ummm, I've seen plenty of instances where a 60 something absolutely had a significant upgrade in there quality of life after receiving an inheritance. It's strange that you think only young, able 20 somethings could appreciate an inheritance.

I don’t think that’s what pp meant.

I think that an inheritance can change the trajectory of even a 60 or 70 something's life - they could have decades more to live. Maybe the inheritance means the difference between them being stuck at home barely making ends meet and being able to fly out to help their own kids through surgeries, births and childcare. Maybe it means that they'll be able to afford to attend weddings, funerals, graduations and other meaningful events.

[Anonymous]

Yes (spouse and I will get inheritances. I already got mine)

Yes, my kids will inherit.

[Anonymous]

This thread is remarkable.

[Anonymous]

I still have 1 grandparent on each side, so I’m not sure what my parents will get. Both sets of grandparents bought a house 50-60 years ago for pennies, each of which is worth $1m in the crazy California housing market, so I imagine it will be sold and divided between all the kids, unless the money is used to pay for long term care instead.

My dad is adamant that money be left to my sibling and me, but since my parents are late 50s I hope I still have a good 30 years with them. I tell him every time it comes up that the goal of the “game” is to die with $1, not $1m, and that he should spend and enjoy while he can.

I have no clue what/if we’ll leave for our child. Our will states that he inherits everything, but we are 33–who knows what things will look like in (hopefully) 50 years.

[Anonymous]

One of my PILs got about $250k. The other’s parents are still alive but are lower middle class and won’t have anything left over. One of my parents got about $500k, and the other will receive about the same when the time comes.

My parents are hoping to leave each child with a few hundred thousand. I don’t have children yet but am so grateful for the generosity of my family before me and hope to leave any children I have with a lot.

[Anonymous]

I have no idea and frankly IDGAF, I've made my own way in life. If we get one cool, if we don't, were still retiring at 55. Makes no difference.

[Anonymous]

Anonymous wrote:I have no idea and frankly IDGAF, I've made my own way in life. If we get one cool, if we don't, were still retiring at 55. Makes no difference.

It's not really a concern for me, either. I can see how it might make a difference to someone else, though. If you have ever been poor you know that.

[Anonymous]

Anonymous wrote:I have no way of knowing this. With the cost of eldercare being what it is I am just praying that their money doesn't run out. Honestly, an inheritance is the least of my concerns. I love our parents.

+1. My paternal grandparents were poor when they passed away- didn't have much retirement and significant medical costs. My maternal grandfather passed away young (early 60s) and had planned for that possibility so my maternal grandmother has been fine so far but is in her early 90s and the money won't last forever. Could be really rough if it runs out because my parents and my mom't siblings would not be able to cover the assisted living costs.

Don't expect any inheritance from my parents and will probably have to help out at some point. DH may get some from ILs but again who knows? I take comfort that they will probably be ok on their own.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I have no idea and frankly IDGAF, I've made my own way in life. If we get one cool, if we don't, were still retiring at 55. Makes no difference.

It's not really a concern for me, either. I can see how it might make a difference to someone else, though. If you have ever been poor you know that.

OP.. same. We are living our lives with the expectation that we receive 0. I know too many people counting on it for their retirement or kids college.

[Anonymous]

My parents grew up poor and will die poor.

A friend of mine has parents who retired in their early 50s after inheriting a few million. They are spending it fast and will die destitute. Friend won’t have any teeth left after gritting them thru 3 decades poor thing.

[Anonymous]

Anonymous wrote:This thread is remarkable.

Seriously.

[Anonymous]

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.