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Reply to "Will you and DH get an inheritance? "
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[quote=Anonymous]My father inherited a lot of farmland from his parents In the 1980s that was sold off long ago. When he passed away 13 years ago he had a life insurance policy worth a couple hundred grand whose proceeds went to my Mom. Those were used to pay off some debts but otherwise were saved by my Mom. He also had a generous pension which still pays her about $3k per month. Mom inherited a house from her parents (where she lives and in fact where I grew up). That will be the only thing my sister and I inherit although the house needs a TON of work. Suspect we could sell it for $400k - perhaps more if we put some work into it first, but really may not be worth it. DH’s parents fled to Europe from Cuba in the 1990s and inherited nothing. DH won’t receive anything from them either and in fact I suspect we may end up Having to support them. For those inheriting significant sums, I’m so jealous. Money isnt everything but my god it helps so much! Pay off mortgage, children’s education...[/quote]
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