June 2008 Weddings
Casperdy
member
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Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
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Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Re: Clicky poll: inheritance
I honest to God, have no idea what my grandmother/mother's plan are - or their financial situations honestly. I know they're sterotypical German penny pinchers, but plans? Eh -
DH's family has no money to give.
From my rents, no. I truly worry they will work forever because it's been hard for them to save for retirement. Mom likes to spoil her children too much. I try to tell her to stop, but I learn to give in.
For DH, he'll inherit his parent's and his aunt and uncle's houses. MIL lives on a fixed income too though. If she became really sick we might have to consider selling the house earlier to help pay the medical bills. DH's aunt and uncle do not have kids, so we'll get some inheritance from them likely. DH already said whatever we inherit he wants to use towards their education. I am a-ok with that.
I have no idea at all.
MIL always jokes that we will inherit debt. LOL.
Who knows.
My brother and I will each inherit a half of the family farm, plus some smaller land pieces my dad has bought in the "hollow" where we grew up. In total, there's about 200 acres to be divided, but it's all conditional in that it can't be further parcelled and sold. I don't really know what we'll use it for (I think my brother will probably build or remodel the existing property & live on his half), but it's old farmground that is currently in some government programs that prevent development in favor of environmental protection. It won't be a lot of additional work, but we'll see how it will impact us financially. We might end up having to live there, too, which would be fine by me!
BFP 11/25/2009 ~ Blighted Ovum Discovered 12/10/2009 ~ Natural M/C 12/24/2009
BFP 3/29/2010 ~ EDD 11/25/2010
Sawyer Marshall ~ November 16, 2010
My parents have made it clear that our inheritance is their house-we can sell it and split the profit, if any, 3 ways.
They are using their money to enjoy themselves (just got back from a cruise to Jerusalem, Israel, Egypt, etc. for example) which I love, because they didn't have any extra money when we were younger. I would not be surprised if they haven't set some $$ aside for grandkids, however, but I don't know.
We will inherit some from the ILs. They don't spend money so that they can pass it down, which I think is weird. They have a house and a lot of land. We will sell the house and keep the back parcel of land for DH to hunt on.
But, they bought SIL a house last year and then felt bad and made it clear to us that it will be "evened out" in their wills. So I guess we have that $$ coming, but I'm sure it's a long way off (I think MIL will be around for a long long time).
Random question though, if anyone knows... apparently FIL has a life insurance policy that pays out to DH and SIL, then a policy that pays out to MIL. SO I assume that means we get a payout from that when he dies? It's not much $ but I don't know how those things work... I think it's weird that it all doesn't go to MIL since she will still need $ to live on.
My parents have life insurance policies and of course there is the house. We'll have a nice little set up when they pass, they've made this clear to us.
I'll be Rick James when my ILs buy the farm.
I have a kind of complicated answer....
I got $12k from my mother's life insurance after she passed away. Actually, my aunt and uncle got the $25k because they became my guardians, spent $13k on the funeral and to pay off bills, and then I got $12k when I was 25. I actually didn't even know the money existed until my aunt gave it to me. The money allowed us to actually plan and pay for our wedding.
From my dad, I'll inherit his house, but he owes more on it than it's worth, so hopefully that changes before then. If there's a profit from the house, I'll get that. Otherwise, I won't get anything.
DH got $15k from his dad's life insurance when he passed away, but then ended up paying for the funeral and headstone engraving out of that and we got about $5k when it was all said and done. We used the money to buy furniture when we bought our house.
From my MIL, we won't get anything.