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

Melissa177

ManAtHome wrote: »

Haven't read the whole thread, so apologies if this has already appeared, but

Hardly rocket-science is it? The "profit" you're making out of your property is coming out of your kids' pockets... eventually. And what do you have to look forward to - your grand-children wishing you were dead perhaps?

Still discussing house price increases at dinner parties..?

Hmm - not sure I agree with this -economics is not a zero-sum gain.

Everything I have seen tends to suggest that it is the elder generation (60+) of NIMBYS who block any kind of new development in towns where housing is desperately needed.

There is a plot of land near one town in Surrey where I work where locals ae protesting about 23 new "affordable" houses being built (not much is "affordable" in Surrey!). I drove past one day, and there were about 30 pensioners with placards outside waving banners reading "No to Development!"

Where are the younger generation going to live if we have people steadfastly refusing to build more houses?

Alternatively, we're just going to have to let the economy overheat in the South so much that big companies move North where wages/living expenses are cheaper, and they can pay their staff less.

olly300

azjh77 wrote: »

Having read all the posts, are people honestly saying they wouldn't be a bit...'peeved' if their mum left everything to their brother/sister and nothing to them? Not so much the money, but that they didn't think of you.

I understand you perfectly.

In most cases it's not about the money it's about being loved and recognised as part of the family equally.

Therefore dividing money equally between children is fair whatever their circumstances, and giving all grandchildren the same amount is fair.

The OP who ran away from this discussion thinks that while her children are equal in her eyes, her in-laws shouldn't feel the same way about their children due to them being grown up and one not being able to have children. (I wouldn't like to know how the OP would feel if her BIL suddenly adopted.)

The easiest way to avoid all this is for the person with the will if they are elderly to spend all their money enjoying themselves and then to give what is left to a charity especially if all their children are grown up. No inheritance= no arguments.

azjh77

Actually, having now read some of the other posts written by the OP - especially those about e-bay tickets - I would like to retract any comment that may seem like I am sympathizing with her. Let's hope the in-laws blow the lot on fast cars and booze before she can have any of it......

Tiger_greeneyes

azjh77 wrote: »

Actually, having now read some of the other posts written by the OP - especially those about e-bay tickets - I would like to retract any comment that may seem like I am sympathizing with her. Let's hope the in-laws blow the lot on fast cars and booze before she can have any of it......

I thought you might have missed something before

I'm so pleased that people with that sort of attitude to others are so few and far between Respect costs nothing.

Romani_Ite_Domum

Oh what fun rampant house price inflation is.
Just imagine if no crash ever happens. All our children and children's children will be sitting around waiting for us all to die so they can inherit our £10 million houses.

Timmne

Tiger_greeneyes wrote: »

I thought you might have missed something before

I'm so pleased that people with that sort of attitude to others are so few and far between Respect costs nothing.

....Although if there were a cost for respect we needn't worry as our parents' inheritance will probably cover it!

Tiger_greeneyes

I've got an answer, either don't have kids or spend the lot. I'm intending on doing both :rotfl:

Tiger_greeneyes

Timmne wrote: »

....Although if there were a cost for respect we needn't worry as our parents' inheritance will probably cover it!

Better still - someone else's parents can be more convenient if they're a) older or b) have more of a stash!

Why stick to your own parents, that's far too limiting

Melissa177

Interestingly, yesterday I personally came across quite the opposite problem.

My grandparents (aged 87,88 respectively) and I are very close. They have two children, and each of their children have a granddaughter each (ie, me and my cousin).

Both their children (my parent and my uncle and his wife) have moved abroad: my parents and I moved to the USA in the early 90s (I came back and live here), and my uncle and his wife have now retired in Spain.

My cousin lives around the corner from my grandparents, but never pops in to see them, and never calls. I, on the other hand, call every other night, and pop up from London once a month to see them - not just because I feel the need to, but because I genuinely love them. They have some fantastic stories from the 30s & 40s, they aren't always that well and I like to make sure they are doing okay, and I know I might not have long left with them.

Fastforward to yesterday: Gramps (as I affectionately call them) have told me that they have changed their will such that I receive a large sum as an inheritance and my cousin receives comparatively little. I also will get half their house if my uncle dies (my mother will get the other half). They are not poor people, and mum and I are always encouraging them to spend their money on trips etc so they can enjoy their life - which they do, to be fair.

I feel very bad though - although I don't really see my uncle and my cousin much, I don't think I am entitled to anymore inheritance than they are. I have told my grandparents and mother this, and pointed out that relationships could be compromised. But my grandparents insist, citing that I have always been there, whilst my cousin doesn't really care (we are a similar age).

Should I relax and not worry? Or should I be right to be concerned that this could be a massive argument between the family in the future?

Sorry, bit of a long post, but the background detail was needed!

jamesd

It's their prerogative to do what they wish with their money in their wills. It's your prerogative to do what you want with it when it's yours. How you wish to use that capability is up to you, including choosing to adjust the distribution of funds. I suggest not radically upsetting their desires.