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

tesuhoha

Ive just read all this and I think its really horrible.

Years ago when my father in law died, my mother in law inherited £28,000. I remember her saying that she was going to spend the lot of it, otherwise 'you kids will just get it.' At the time I thought 'yes, spend it. I don't want it.' I did not want to be waiting for that money because once you start waiting for an inheritance then you start waiting for that person to die, then eventually you start hoping for that person to die. A person's life is worth much more than this.

I think what is so bad about this is that although the OP says she wishes they would spend the money, she is secretly (or maybe not so secretly) gleeful that they are not spending very much of it at all and frankly, she is breaking her neck for them to pop their clogs so she can get her hands on all that lovely lolly!

irishwench69

tesuhoha wrote: »

Ive just read all this and I think its really horrible.

I did not want to be waiting for that money because once you start waiting for an inheritance then you start waiting for that person to die, then eventually you start hoping for that person to die. A person's life is worth much more than this.

Totally agree :T :T :T

I don't think I can write much more without getting mad, so will leave it there......

IW x

CB1979_2

so OP have you doctored the will yet or are you planning a family sunday roast with arsenic gravy just for ALL the in-laws?

play your cards right and you may well be able to gain from your bro-in-law's will as well :T

peter999

miss_bargainmad wrote: »

I'm not really bothered how controversial it gets - its interesting to know what others think.

I've spent far too much time on this now, it's keeping me away from my chores!!

Just think, I could be earning money for my children's house fund instead of sat here on an MSE forum.

This is my final post on the matter - no doubt there will be pages and pages more from you lot who live here. Or maybe they will close it down as you some of you are a bit rotweillerish.

Bye bye.

I like this final post.

peter999

jyonda

What if we did away with inheritence altogether and no-one benefitted from someone elses death? Wouldn't we have a fairer more merit based society were people lived in the houses they DESERVED? Just imagine, no more moaning, moneygrabbing dysfunctional bitterness. People would be encouraged to focus on working hard in their lifetime and giving their children the best education possible rather then relying on pennies from heaven. No longer would there be huge class division or hopeless ghettos because everyone would start at the same 0.
For all those who don't want the tax man to profit then you're a bit bit short sighted as WE are the beneficiaries of those taxes. Our schools, police and hospitals could all be properly funded.

How's that for controversial?

astonsmummy

OMG is she serious, my child will only ever own a property if he gets off his aris and makes a good living for himself, he has 3 grandparents, one died a18 months ago, he was pretty well off and my son hasn't seen a penny of his money but do i care? erm.....no!
I'd rather he get to grow up knowing his grandad any day and i cnt believe people literally wait for people to die so they can get their mits on peoples cash!
The remaining 3 grandparents dont own property at all, my mum has been financially screwed by my dad who is currently on holiday courtosey of her majesty, long story but in a nutshell the property they did have is long gone now.
Then his paternal granny lives above her sons shop, she's never owned property.
Be thankful you have a husband, 2 children, a roof over your head and a seemingliy ok lifestyle, afterall you are virtually mortgage free and stop whining about what your children may or may not have in years to come.

emma_b_4

your children may decide that home ownign isnt for them and go travelling the world, or meet a rich partner LOL,
you never know!
my family has no money for inheritence or anythign else and my kids will have to scrimp by, just as me and hubby did, and learn the way of life is to work hard and dave and appreciate what we have got.
dont worry about tomoro

olive84

I've found this really interesting to read. Both my grandmothers passed away within 4 days of each other a few months ago. One had no money to leave as it had all gone on care. My fathers mother left a house, to be sold, with the money to be divided between her four children equally. Some have children, some don't, but her money was still divided equally.

On top of that, I am trying to buy a flat at the moment (but that could be a whole new thread on its own!), and haven't had any help from my parents at all, even though my dad's come into his inheritance. I think its important to make your own way in life. The OP's children will feel more proud if they use hard work to buy a house, not someone elses money.

Nicolelg

I completely agree. These days, house buying is the last thing on young people's minds when they graduate. Travelling and getting on their chosen career paths are far more important.

I'm from European stock and my relatives find it absurd that Brits are so focussed on signing their lives away to mortgages at such young ages. Personal development and life experience are considererd far more important than home ownership.

Although it's great to have a fall-back financially, spoon-feeding your kids isn't the answer, especially when the solution relies on other family members who will, quite rightly, have their own priorities and agendas outside of your brood.

I admire the lady's sense of responsibility as a mother, but this is responsibility stretching far beyond reason.

margaretclare

jyonda wrote: »

What if we did away with inheritance altogether and no-one benefitted from someone else's death?

This used to be much more likely to be the case, in most families.

Of course the rich, the aristocracy, royalty etc had their own methods of dealing with this problem, but for most ordinary folks, they saved to have enough to bury them with 'and a ham tea' - or in the case of the OP's in-laws who are Irish, a wake and a 'good send-off'. Most folks couldn't even afford a gravestone.

The problem seems to have only become more widespread since those who bought houses decades ago are now sitting on a gold-mine in terms of property values. They didn't ask for this. Many of those people had a hard time buying and maintaining the homes they lived in. They didn't talk glibly of 'property ladders' and 'you gotta own property'. Inheritance, and property ladders, were something that DH and I simply never heard of in our youth. Housing was always difficult to obtain and in short supply. It's obvious to me that, even with the effects of inflation and the home improvements we've done, a house that I bought in 1990 for £58K cannot in all reason and all honesty, in a sane world, be worth £175K now, but that's what I'm told.

Why and how all this came about is something we could argue about till Doomsday. You do see and hear the very worst of human nature, though. Particularly in regard to those who want to 'safeguard parents' assets' from being 'grabbed by the taxman' or used to fund extra choice and comfort in the final phase of life. If a house is left to be split between siblings that opens up another can of worms. Some of the possible scenarios have been highlighted in this thread: ill-feeling if a single person is left the same amount as married people because 'she doesn't need as much'. And so on, and on.

Wouldn't we have a fairer more merit based society were people lived in the houses they DESERVED? Just imagine, no more moaning, moneygrabbing dysfunctional bitterness. People would be encouraged to focus on working hard in their lifetime and giving their children the best education possible rather then relying on pennies from heaven. No longer would there be huge class division or hopeless ghettos because everyone would start at the same 0.
For all those who don't want the tax man to profit then you're a bit bit short sighted as WE are the beneficiaries of those taxes. Our schools, police and hospitals could all be properly funded.

How's that for controversial?

There is much sense in what you say.

Margaret