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

paddy's_mum

Of course, being that life is so unpredictable, it could be that the 'massive amount' that your children inherit comes from YOUR estate. Which of us knows when, where or how we may die.

Hopefully, your children will not pick up on your thoughts and views about 'their inheritance' and start happily chattering away about what they are going to spend your hard-earned money on, once they get their little hands on it!

Frankly, in my opinion, there is some very sordid and unwholesome thinking going on here.

amcluesent

It's hardly news that the 'boomers' had the best of things after 1945, secure jobs with no outsourcing, final salary pensions, free NHS, free education through to uni, massive increase in value of houses etc.

British middle-class kids today face a very bleak future: oil shortages, civil conflict with Islamists, crime, collapsing infrastructure, transfer of jobs to India/China, multiple redundancy in their career, no pension, everything means-tested, paying for senile elderly in care.

Rather than worry about getting on housing ladder in the UK, I'd be seriouly considering emigrating - there's 1000s of educated middle class leaving the UK every week.

seven-day-weekend

Maybe your BIL would like to do other things with his money? He's just as entitled to it as your husband is, it doesn't matter imo how much money he's got. He might want it just to give it to a cat's home - just because he hasn't got children doesn't mean he has nothing he wants to spend his money on.

TBH, if it was my will, I'd leave YOUR husband's share to the children, not his brother's.

Running_Horse

I am lucky enough to have recently become a dad.

When I hold my beautiful daughter I hope she will have the confidence I lacked, make the most of her talents, use the educational opportunities that weren't around 20 years ago, make lots of lifelong friends, and most of all be happy in whatever path she chooses.

Hoping for inheritances and worrying about house prices 20 years from now are the furthest things from my mind.

brixandmorta

paddy's_mum wrote: »

Of course, being that life is so unpredictable, it could be that the 'massive amount' that your children inherit comes from YOUR estate. Which of us knows when, where or how we may die.

Hopefully, your children will not pick up on your thoughts and views about 'their inheritance' and start happily chattering away about what they are going to spend your hard-earned money on, once they get their little hands on it!

Frankly, in my opinion, there is some very sordid and unwholesome thinking going on here.

It is indeed, you should take nothing for granted, would you bare a grudge on your brother in law if it were all left to him? it would hardly be fair to do that would it!!

You get out of life what you put into it, I totally agree with a previous post on this subject, let your parents enjoy their retirement, spend the lot on holidays, cars, boats, whatever they want, because let's face it, when youre time comes youre a long time dead!!!!

A_Fool_&_His_Borrowed_Mon

House prices are rather akin to a roller coaster due to their capitalistic nature, and were riding "The Big One" that you see at Blackpool:eek:

nearlyrich

I can't understand why people think they have a right to decide how other people should spend their money. No-one should view an inheritance as a right, if you get money from a previous generation think yourself lucky and call it a bonus. Any child brought up in a home where the thinking reflects the views of the OP is likely to end up as a spoilt brat unwilling to get out and work hard waiting for the world to give him or her everything they think they deserve.

I was brought up with 5 siblings in a council house, we had no money, lots of love and were all encouraged to get a decent education, which cost our parents more than it needed to if we had been forced to leave school at 16 and get a job. Now we all own property, all have decent jobs and are proud of what we have acheived, being given £100k on a plate wouldn't be something to be proud of.

My children are nearer to the age when they will be loooking at buying their own properties, they have had the benefit of my support to get a decent education and hopefully have the drive to get a job that pays enought to get a mortgage, we live in an area of stupid prices too.

ftbworried

Honestly, you really don't need to worry about this. It's not the grandparents or even the parents responsibility to get children on the housing ladder. If they are savvy and hardworking enough they will manage just fine by themselves. My parents (or grandparents) didn't give me a penny (and they shoudn't have either) last year when aged 22 I bought my first home. All of my friends that have bought recently have managed without parents help too. I think that parents are panicing a bit much over getting their children on the housing market, maybe it would do you children more harm than good to be 'given' an easy ticket to their first home.

reehsetin

my grandparents amassed a bit, and the grankids will inherit it eventually, but parents have decided that we wont even get the money untill like 35
because they want us to be financially responsible and struggle like they did to appreciate everything we get!
+ not count on this money paying our deposits or mortgage etc

dwsjarcmcd

At least the OP's husband seems sensible over all this. Hopefully he can talk some common sence into her, if not then reading these posts should!