My kids will only ever own a property if their g/parents leave them massive amount

olly300

The OP has a short memory there was a house bubble and crash before less than 20 years ago.

Also one of the reasons people don't write wills is because they:
1. Don't care who gets their money because they are dead
2. Don't want people to be nice to them just for their money
3. Can't decide to leave it to a relation or a donkey sanctuary, and die before making a decision.

BTW if one of the grandparents dies before the other and the other remarries and writes a will then your husband, BIL and children may get diddly-squat. It does happen.

miss_bargainmad

Yes, I wish houses were more affordable for everyone.

It doesn't mean anything to me that my house has quadrupled in value in 9 years as I don't want to move.

It really is going to get to the stage where only the rich (or those with inheritances) are going to be able to afford property. If rents were more reasonable it wouldn't matter so much but they seem to have gone through the roof.

miss_bargainmad

Never said I was Sarah Elton but it is a fact of life that they will but I do hope they live to be 100.

I take it there's no chance of an inheritance for you then?

Phirefly

miss_bargainmad wrote: »

It doesn't mean anything to me that my house has quadrupled in value in 9 years as I don't want to move.

If thats the case then and you're so worried about your kids being able to afford property, when they come to move out why don't you downsize and release your OWN capital for their houses?

sarah_elton

miss_bargainmad wrote: »

Never said I was Sarah Elton but it is a fact of life that they will but I do hope they live to be 100.

I take it there's no chance of an inheritance for you then?

I'm sorry that post was too blunt, I was trying to edit it when you replied but the site kept timing out. I'm sorry, that was harsh I know, but you were saying others should live your life as you would and it wound me up.

Not that it's any of your business (you asked for advice on your situation, I didn't on mine) but if something happened to my mum tomorrow, yes, I'd get a sizeable inheritance. But the point I made earlier is if she chose to spend it all in her lifetime I would have no problem with that. If I do get something, I'll be hugely thankful. If I don't, I'm no worse off than I am now. It's a gift, not a right. It's up to her if I get it. That's all there is to it.

miss_bargainmad

Phirefly,

We've already thought of that and will look into it nearer the time.

Like I said I would only do it if they were working hard already themselves. They are certainly not being brought up with silver spoons in their mouths.

To be honest if we get saving hard enough we'll be able to help them out - I am even thinking of doing more hours at work as it worries me that much. I don't know whether I am being daft though - maybe everything will sort itself out in the future.

Bestthingsinlifearefree

miss_bargainmad wrote: »

I'm not saying at all they should get the

Do people with lots of money not actually think like this? If he had two kids and we had none I don't think I would begrudge his kids the money as they would need it more than we did.

If your brother in law was to give his inheritance share to starving children in africa, would it then be ok for you to give up your share to him for this. As surely the starving kids in africa need the money more than your kids do?;)

To say your husband should get more than his brothers share because he "needs" it more is ridiculous.

Maybe if your husband had worked a bit harder / saved a bit more and been as successful as his brother you would then not be so desperate to take your brother in laws share of their parents inheritance:D

I wish you well.

miss_bargainmad

Yes, like I said previously I would prefer it if they suddenly adopted a luxurious lifestyle and got rid of all the money, then we wouldn't be having this debate, but they are happy just existing, doing nothing.

If my children can benefit I don't see the harm in that as their grandparents definitely wouldn't want them to have a massive mortgage round their necks - if my kids were at the age where they would be renting now their grandparents would be horrified at the cost and give them a deposit - I am quite sure of that.

They couldn't even comprehend the size of some people's mortgages these days.

Phirefly

I'm really trying to see it from all points of view. While I'm shocked at the general gist of the initial post, it reminds me when I was in a related situation.

When we were scraping together cash for our first house last year, Mr Phirefly's Mum said that if only she'd realised sooner how serious we were as a couple and how imminent our joint house purchase was, she'd have given us a sum from the inheritance she'd recently received instead of ploughing it all into their [STRIKE]moneypit[/STRIKE] oops sorry, farmhouse in France. At the time I was gutted, but that was very shortlived. I'm now indebted to nobody (well except maybe Bristol & West mortgages ) and realise that that money was never ours to lose

miss_bargainmad

I have been supporting a child in Africa for the last 18 months - go to World Vision - they would be so grateful if you could all do the same.