Disinheritance due to Lottery win

Marcon

SusieT said:

Why not go and visit your grandfather, tell him that as you have won a life changing amount of money you would like him to change his will to take you out of it as you think it would be fairer that way. But ask that instead of money you get to choose an item that you can remember him by.  To be honest, had I won that amount I would have been happy that I was excluded from the will, and would probably have suggested it myself once the initial few months of having that sort of money available had gone past, and requested that I just get a specific item instead.
The only downside to that is if the executor has already told him they have not behaved very well and have already told you the situation.

Suggest OP asks the executor direct if they've already told the grandfather they've blabbed about his private affairs. OP might also want to ask the executor why they 'thought OP ought to know'. 

Spendless

SusieT said:

Why not go and visit your grandfather, tell him that as you have won a life changing amount of money you would like him to change his will to take you out of it as you think it would be fairer that way. But ask that instead of money you get to choose an item that you can remember him by.  To be honest, had I won that amount I would have been happy that I was excluded from the will, and would probably have suggested it myself once the initial few months of having that sort of money available had gone past, and requested that I just get a specific item instead.
The only downside to that is if the executor has already told him they have not behaved very well and have already told you the situation.

I think this is a good suggestion but also do as Marcon above suggests ask the executor if Grandad is already aware you've found out first. 

I can't possibly see this is really about the money, given the sum you have won, but about relationships, feelings, emotions.

Sea_Shell

Will and inheritance aside for a moment...


Don't forget that as the OP gets his winnings monthly, and if he only won in November 22, then he might have ONLY had £40,000 so far.

So not yet a real "life changing" amount of money, while you sort out your immediate needs.

OP can't be expected to be too generous with money he hasn't even had yet, as far as gifts etc go.

He needs to get enough months winnings under his belt first, and get himself sorted financially.  House/car/holidays etc.

Once he genuinely starts to build up a significant surplus, then that is the time to start giving any away.   Which he really should, due to IHT if nothing else.


Personally, i'd have kept quiet for at least the first year...until i'd got my own ducks in a row and been able to make use of the first £120k

Pollycat

bobster2 said:

Pollycat said:

Lola_balola said:

It is crude and entitled to ‘contest’ the will of a man who is still alive, and some might say greedy to quibble over £50ishK when you have a guaranteed annual income of more than double that for life.

It is impossible to contest the will of someone who is still alive.

Lola_balola clearly put 'contest' in quotes to show they didn't meant it in the literal legal sense.

Maybe it needed to be reiterated - I mentioned it on page 3 - the OP seems to not understand how death/wills/inheritance works.

Pollycat

Sea_Shell said:

Pollycat said:

I really don't understand this feeling of entitlement to an inheritance - especially when someone whose money/assets it is is still alive.

I don't see it as an "entitlement" but more about being feeling snubbed by family JUST because you've come into money.   

My comment was general, not specific to this thread.
We've all seen other threads about the same thing.

However, the OP's 2md post shouted out - at least to me - that he/she thinks she should still receive the inheritance because they've helped the sister financially and 'also spent a large sum on the Grandparent at Xmas'.
It seems to me that this is money-related than than feeling snubbed. Of course, it's OK to disagree with my opinion.

bobster2

Sea_Shell said:

Will and inheritance aside for a moment...


Don't forget that as the OP gets his winnings monthly, and if he only won in November 22, then he might have ONLY had £40,000 so far.

So not yet a real "life changing" amount of money, while you sort out your immediate needs.

OP can't be expected to be too generous with money he hasn't even had yet, as far as gifts etc go.

He needs to get enough months winnings under his belt first, and get himself sorted financially.  House/car/holidays etc.

Once he genuinely starts to build up a significant surplus, then that is the time to start giving any away.   Which he really should, due to IHT if nothing else.

Yes - of course.

However, knowing he's got £10,000 per month for 30 years ahead of him OP should immediately think "well I certainly don't need any cash from grandad's estate when he dies".

Having said that - it is immediately "life changing" in the sense that someone could immediately quit their job and still be very comfortable indeed. Taking home £10,000 per month is equivalent to having a job that pays £200,000 per year before tax. So it's like being given a £200,000 pa job - with no work to do.

Spendless

Pollycat said:

Sea_Shell said:

Pollycat said:

I really don't understand this feeling of entitlement to an inheritance - especially when someone whose money/assets it is is still alive.

I don't see it as an "entitlement" but more about being feeling snubbed by family JUST because you've come into money.   

My comment was general, not specific to this thread.
We've all seen other threads about the same thing.

However, the OP's 2md post shouted out - at least to me - that he/she thinks she should still receive the inheritance because they've helped the sister financially and 'also spent a large sum on the Grandparent at Xmas'.
It seems to me that this is money-related than than feeling snubbed. Of course, it's OK to disagree with my opinion.

Having not seen  it, I went back and read it after your comment and I don't see it the same way. Having treated his sister and Grandad he discovers that Grandad has then gone behind his back and disinherited him only a short time after him winning the money without discussing his reasons with him yes, I know he's not legally obliged to but maybe it would have been a lot nicer that way.    

Pollycat

Spendless said:

Pollycat said:

Sea_Shell said:

Pollycat said:

I really don't understand this feeling of entitlement to an inheritance - especially when someone whose money/assets it is is still alive.

I don't see it as an "entitlement" but more about being feeling snubbed by family JUST because you've come into money.   

My comment was general, not specific to this thread.
We've all seen other threads about the same thing.

However, the OP's 2md post shouted out - at least to me - that he/she thinks she should still receive the inheritance because they've helped the sister financially and 'also spent a large sum on the Grandparent at Xmas'.
It seems to me that this is money-related than than feeling snubbed. Of course, it's OK to disagree with my opinion.

Having not seen  it, I went back and read it after your comment and I don't see it the same way. Having treated his sister and Grandad he discovers that Grandad has then gone behind his back and disinherited him only a short time after him winning the money without discussing his reasons with him yes, I know he's not legally obliged to but maybe it would have been a lot nicer that way.    

And that's why we have opinions. 

TBH - and referencing my 'general' comment - it's a subject that raises my hackles.
But maybe that's because I always accepted that my Mum's priority was with my much younger sister and her family (I have no children).
And maybe because I didn't need the money my Mum & Dad had (which was not much).
I'm not in the fortunate position the OP is in but I am financially OK.
I always encouraged Mum & Dad to spend their money in retirement on things that made them happy.
And I encouraged them to help my sister financially because she needed help, I didn't.
I knew my Mum and Dad loved me. I didn't need their money to prove that.
Why does the OP feel they need their Grandad's money?

Maybe that goes some way to explain why I have posted in the tone I have.

lisyloo

bobster2 said:

lisyloo said:

bobster2 said:

GenieBoy said:

Since winning the SFL Lottery last year I've recently learnt that I'm going to be disinherited from my Grandparent's Will with my share apparently going to my sister along with her current share.

Is this normal practice? Is it fair?

Originally 50% was going to my Uncle and me and my sister getting 25% each of the other 50%. The estate is probably worth approx £230K.

Just looking for thoughts really.

So you have won £10,000 per month for 30 years (£3.6 million) and you are moaning about missing out on £57,000??

I'm speechless really.

I think you're missing the point.
I think the OP is upset about not being considered worthy of consultation and would gladly help their family.

First nobody needs to consult potential beneficiaries when writing a will. 

Second - the OP clearly asked in their first post about whether not getting any money was fair. Was clearly asking about not getting the money - rather than not being consulted.

I agree people don't need to consult anyway.
It's generally not the best way to get on with people though whether in work or family or any other scenario.