Inheritance

FBaby

I hope to be in a position to gift my own kids the majority of any inheritance I get from my parents. But that depends on my circumstances at the time

I too won't 'need' the money I will likely inherit from my parents but I don't plan on passing it on, certainly not all, to my kids because I want them to experience that same feeling of pride at what they have accomplished with their lives on their own as I have. Frankly at time, it's what makes the happiest, that feeling that I owe my lifestyle to myself and myself only.

As you, the plan is to be able to retire early and make the most of it. Of course I will be there to help my kids, but like OP's mum, it will be limited to gifts, although I take on board that it is better to ask what is wanted rather than making guesses!

Ozzuk

Sense of entitlement is strong with this one

I can kind of see where you are coming from, if say you are struggling and your mother is loaded for instance. However, it would still be entirely up to your mother if she helps you out - she already raised you, provided for you and you should be standing on your own two feet by now.

And as others have said, I wouldn't plan for it as some future guaranteed windfall. She could remarry, pass away and it all goes to new husband, it could be eaten up by care fees, she could spend it on hats.

Make your own way in life.

pollypenny

An unbelievably selfish thread, OP.

-taff

HeavyMetalFan wrote: »

I can't decide if I feel a bit badly done to or if I don't really have any entitlement.

It's the latter.

Pollycat

HeavyMetalFan wrote: »

I can't decide if I feel a bit badly done to or if I don't really have any entitlement.

You really don't have any entitlement at all.

If your grandparents felt you should have had a share - regardless of what percentage - they would have included you in the will.
They didn't.
You sense of entitlement is shocking - and very distasteful.

Primrose

This possibly says something about the closeness...or lack of it between you and your mother but at the end of the day it!s her decision what she does with her money.

You don,t say how old she is but do you realise that care home fees can cost up to £30,000 a year? It doesn,t sound as if you're the kind of person, with the thoughts you are having about your mother's inheritance, that you would give up your job to look after her yourself so possibly she feels she needs to keep this money back for her future care. Did you also know that if she gives a large proportion of this money away within a certain period of her needing to go into a care home it will be regarded as deprivation of assets and and would make her ineligible for funding? So, in such circumstances, would you be prepared to sell your own house if necessary to make up the financial difference to fu d her?

She has given you items for your house. Admittedly not what you necessarily wanted but she did think of you and make the gesture. You will be an orphan when your mother dies dies and presumably will have no other close family. That can be a lonely place to be. Just enjoy having your mum while she's alive and be determined to be responsible for your own future.

SandC

Did your mother inherit anything from her grandparents? You are not entitled to anything, even from your mum's estate when she passes, unless she has no will and then you will be a beneficiary as her child (there are some rules in Scotland though).

Don't quite get why you seem to have an issue with what your mum does with her money, it was up to your grandparents to decide who the beneficiaries of their estate were and they clearly decided to leave everything to your mother. Had they not had wills, the estate would still not have gone to you unless your mum had passed away before them.

fairy_lights

Why do you feel like you would be entitled to 10-25% of the inheritance? Did your grandparents tell you they would be leaving a share to you?
You say you have no idea how much money was in the estate - perhaps it wasn't much at all, there may have been debts that needed to be paid off. But even if your mother has inherited a large chunk of money, that's her money and...I'm really struggling to understand your way of thinking.

Grumpygit

Wow......

I am an only child and so in theory I should inherit whatever they have left, however, I have just said to them....leave me enough to bury you with and blow the rest if you want.

They have said about leaving some money to my daughter (their only grandchild) and that's fine by me as it's their decision.

I think it's sad that people expect to be left something from their parents, whilst it's nice it isn't a given.

People should be able to enjoy what they have earned over their lifetime (even if some of it has come from inheritance to them)

As others have said - get over it!

Pollycat

HeavyMetalFan wrote: »

I can't decide if I feel a bit badly done to or if I don't really have any entitlement.

My Mother is an only child (as am I) and she was the sole beneficiary of her parent's estate, which was basically a very well looked after bungalow with decent sized gardens. I was not named in the will but I have never seen it nor asked to.

My Mother is in a strong financial position and does not "need" the money. The house has been sold to a young family and was a private sale so I have no idea how much it sold for - she has never told me and I did not ask.

I have no idea how much of the money she had spent and again I habebt asked. She has spent some of the money on me - mainly on things for my house which I didn't ask for and didn't really need but it is easier just to say yes. I would say this came to £2,500 to £3,000.

There are times when I feel that due to the size of the inheritance and the fact that she has not had to split this, I should be told how much she received and that I should have been given between 10 to 25%. There are other times when I feel that it is her legal entitlement and I should stop being so selfish.

What would you do in my Mother's position and how would you feel if you were me?

If your Mother hasn't told you how much she received, she clearly doesn't feel that you should know.

If your Mother felt you should have between 10 and 25% of the money she received from her parents, she would have given you that amount.

You may deduce from this that she doesn't think it's any of your business and she doesn't agree that you should have what you think you are entitled to.