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

Generali

pickles110564 wrote: »

You would not think this way if you got off your a@rse and make some money only for the Scottish crook to steal it from you

I'm not sure why you keep accusing me of being poor. I am comfortably in the top 10% of earners.

You seem to think that anyone that disagrees with you is poor and lazy. I am neither. I am just a little more risk averse then you. Or maybe I understand the risks of BTL better than you.

Personally, I'd rather pay taxes when I'm dead than when I'm alive.

wnb

Generali wrote: »

FWIW, I believe in a 100% inheritence tax. There's no moral basis for inherience. I don't believe a person should have vast wealth because their xtimes-great grandfather was the illigitimate son of Charles II.

I have read your otherpost aswell, i'm surprised that you think this if you are actually one of the top 10% earners. I have children and while i'll enjoy my life and childrens while i'm alive i'll do my best to dodge any inheritance tax that my estate will be stung for.

Do you have any children? What will you do with your estate if you die? you could still give it to the tax man and if you do believe that it should be 100% inherintance tax then are you planning on giving your estate to the tax man?

Running_Horse

Generali wrote: »

FWIW, I believe in a 100% inheritence tax. There's no moral basis for inherience. I don't believe a person should have vast wealth because their xtimes-great grandfather was the illigitimate son of Charles II.

I doubt no more than a handful of inheritances are based on the illegitimate children of Charles II, but then you knew that already didn't you.

But rising to the bait, who should be entitled to everything I spent a lifetime working for? The same man who stole my pension? And wastes billions on people who have no intention of ever working? Not much of an incentive to improve yourself is it?

andipandi_2

never had to worry about what i may or may not inherit as i was adopted and never have had a "family".
From the rows and stuff i know goes on i'm sometimes pleased that i never had a "family".

andipandi_2

andipandi wrote: »

never had to worry about what i may or may not inherit as i was adopted and never have had a "family".
From the rows and stuff i know goes on i'm sometimes pleased that i never had a "family".

also i have a couple of mates who have extremely rich families,both have attitudes about "their folks being good to them" along with daily expressions of expecting "pre inheritance gifts",(i`m not talking about the odd £20 note here)and they're both totally fcuked up BTW

mademoiselle_2

Oh, this thread!!! The expectation of money truly brings out the worst in people.

I've always had strong opinions on profiting from the death of another - it does not sit comfortably with me. If you are fond of someone, you don't want them to die so you can get a bit richer, do you? And if you are not fond of someone, the thought of taking any money from them shouldn't enter your head...should it?

I'll pass on Miss Bargainmad's rather nasty (racial slur?) summing-up of her elderly in-laws as 'old Irish people who only think of leaving a big wad of cash when they die'...other than to say, I think they would beg to differ! And if they knew what a gimlet beam of interest you lasered on their life savings, I've a feeling they would never forgive you - or your children!

I've been on the receiving end of a visit from the 'Miss Bargainmad' in my own domestic set-up. On the first (and last!) time she visited my house, she could barely hold a conversation with me...her eyes were darting around the room, weighing up my home, my belongings. As a childless person with a period property and lots of covetable assets, she saw me as rich pickings...not for herself (she's older than me) but for her two children. It felt like a form of assault. I am delighted to say that I have taken steps to ensure that nothing of mine will ever, ever, be hers!

If the OP is still reading this thread... a quote from Thackeray, on reputation:

"I would rather make my name than inherit it."

Generali

Running_Horse wrote: »

I doubt no more than a handful of inheritances are based on the illegitimate children of Charles II, but then you knew that already didn't you.

I did.

Running_Horse wrote: »

But rising to the bait, who should be entitled to everything I spent a lifetime working for? The same man who stole my pension? And wastes billions on people who have no intention of ever working? Not much of an incentive to improve yourself is it?

I understand the argument but I really don't give a whatsit what happens to my money after I die. I maintain that I'd rather pay taxes when I'm dead than when I'm alive.

FWIW, the guys I remember at Uni that were the most messed up were the ones that were going to inherit a load of cash. Neither here nor there WRT my argument of course.

CB1979_2

this still going?

so have you posioned them yet, to get your dirty grubby mitts on the loot???

remember doing properly and you've got ALOT of cash that could buy you a whole new identity, £5k and you've got yourself a passport to Brazil "Ms. Smith"

Sapphire

Nicolelg wrote: »

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.

The trouble is that - judging from some of the posts even on these boards - some people these days start to think about buying property when they are still at university! It wouldn't have entered my head to want to saddle myself with a mortgage at that time (too busy finding myself, enjoying life, etc.). I didn't buy a property until after I got married, in my late twenties.

Unfortunately, 'personal development' in the UK these days involves mostly wanting to have it all and worshipping some facile, horrendous celebrities who are famous for doing nothing that is worthwhile.

I don't find anything to admire about the woman - the sentiments she expressed were obscene and disturbing.

peter999

mademoiselle wrote: »

I've been on the receiving end of a visit from the 'Miss Bargainmad' in my own domestic set-up. On the first (and last!) time she visited my house, she could barely hold a conversation with me...her eyes were darting around the room, weighing up my home, my belongings. As a childless person with a period property and lots of covetable assets, she saw me as rich pickings...not for herself (she's older than me) but for her two children. It felt like a form of assault. I am delighted to say that I have taken steps to ensure that nothing of mine will ever, ever, be hers!

How was she related & could she have benefitted from your Will before you took steps ??
Families are strange.

peter999