Are you curious about inheriting wealth from wealthy grandparents like my boyfriend did?
Have you ever considered the financial benefits of receiving a large inheritance after your parents pass away?
Do you know the potential value of inheriting property and assets from wealthy family members?
Are you interested in learning how inheritance can impact your financial future?
#wealthyinheritance #familyestate #financialbenefits #inheritanceplanning
Congratulations! You have just learned why social mobility does not exist.
Don’t we all?
But the truth is that if you loved your wealthy parent/grandparent and they loved you, you’d rather have them around. The money becomes inconsequential. You’d give away that inherited house in a second if it meant they’d be back.
However if they sucked? Ok. Hell yes. Party time at the funeral.
One thing that many people forget is that wealthy parents who aren’t shit often are willing to pay for their kids.
So they’ll pay or help pay for college or they’ll pay for you to come vacation with them in Europe or they’ll give you some money for your downpayment or wedding.
That help is invaluable. And you get to enjoy it with your family still around.
Marry him and you will have wealthy grandparents! Ayo, is your boyfriend single and interested in a random dude?
Gold-digging aside, sometimes, sure. But only because I never really knew my grandparents – my parents were older when they had me and both my granddads died before I was born, with my grandmas going before I was 5. To me, they’re just names and stories.
But if my grandma had wheels, she’d be a bicycle, as that one saying goes. It’s on the level of “what if a billion dollars fell out of the sky and landed safely in front of me?” Fun to think about, but not much more than that. I don’t resent the sky for not dropping me a cool bil- or two.
That thing about generational wealth falling apart by the third generation would 1000% come true though, I’d waste it.
All the time every time! As much as I hate to say it a lot of your life will depend on where you are born.
No, being impoverished builds character and I’m quite the character at this point.
Given that mine die before i was even born, I guess that would have been ok. Granted at this point, i probably would have preferred my maternal grandparents had just been around to keep my mom from going off the deep end after my father went to prison.
I don’t have to wish. I do. Not trying to flex or be an asshole. Just the way it is.
My parents weren’t “wealthy” growing up and they still aren’t by CA standards. Mom worked as a speech therapist for a school district. She now pulls in a nice pension. Dad did this and that and gets minimal SS. They both inherited a decent amount from their depression era parents. Their house is worth over 1 million (bought for 160k in the 80s, insane!).
I’m a CA teacher. If it weren’t for my (at some point) inheritance I’d have to move very far out of state or the country when I retire. Very, very sad situation this country is in.
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Sure, that’d be awesome.
I have a few cousins who are quite well off. One of them is currently building a 26,000 square foot house. Unfortunately, I’m not in line to receive any of that money. Looking at my “retirement” plan, it’s painfully obvious that I’ll be working till I die.
I think people would be lying if they said they didn’t want a large sum of money if they aren’t already rich. Lol.
I’d like to work for a family company knowing I will eventually be the owner. That would be nice.
Ummm, yep.
yes but not happening
Oh 100%. I didn’t know who my dad was for the first decade or so of my life, I always wished he was someone cool or wealthy. Turns out he’s just some idiot from TN who couldn’t keep it in his pants. He owes like 50k in back child support (I’m a young adult now).
That’s cool.
When my grandparents died the estate went to their 4 kids (one being my mum) and was written in the will very very clear that none was to go to the grandkids. I don’t mind at all but the fact my grandad was so adamant about it makes it funny.
He wasn’t the nicest man I’m surprised his kids got any lol
It’s a nice thing, but I would want my parents around for another 100 years if I could over their money.
Honestly yes, even though it sounds bad to hope a family member dies so you can Inherit a bunch of money it would be nice to know that at some point in my life I will be given a chance to either achieve a semblance of financial freedom or at least be able to invest to make my retirement enjoyable.
I do. I know people who’s lives were utterly changed by large inheritances. I’m going to get nothing. In fact I’m concerned about final expenses for my own parents when the time comes because neither of them even have life insurance.
I don’t know. Moneys cool and all but all the rich kids I’ve ever known that stand to inherit a lot of money are miserable as fuck.
I’m just glad debt can’t be passed on.
Reflecting on this thread, it’s clear we’re collectively daydreaming about the financial “what-ifs.” But isn’t it wild how we simultaneously acknowledge the futility in lamenting over theoretical riches even as we play the lottery with our hopes? Money, especially inherited money, has this uncanny ability to both bind families and drive wedges in the most unpredictable ways. My takeaway? Treasure the present and the people in our lives, because while inheritance scenarios make for intriguing dinner table conversations, at the end of the day, they remain as uncertain as tomorrow’s weather forecast.
It would be pretty amazing to come into money. Although, I’ve seen multiple families torn apart due to fights over inheritance. If I were to have an inheritance, I would have a lot of people to fight me. When it comes down to it, my siblings need money, I don’t. I would just want something to remind me of my loved ones.
Do I wish I had free money? Yeah of course
> “Do you wish you randomly got a lot of money for free?”
=
Nah I hate getting shitloads of free money out of nowhere, that sounds awful, who would want that
I got $100,000.00 when my parents passed, seven kids split the proceeds. We invested the whole amount and it has nearly doubled in value in ten years. Every time I look at the balance I am thankful and I would also trade it in a second to get them back.
I was very disappointed when my parents sold the family farm. I was devastated when I found out they also declared bankruptcy and were both in their 50’s with nothing of real value. I had been planning on taking over the farm a bit later in my life. Unfortunately, my parents and I never communicated very well. I knew when I left for school that they would be short handed, but I never knew how bad they were struggling and how poor the harvests got without me there doing all the things I had been doing for years. They both found jobs and were able to make it to SS retirement and lived the rest of their lives in a very small rental. They never had the money to take vacations or enjoy life beyond watching television. I do with they had been wealthy enough to be able to enjoy their final years.
I wish I had wealthy parents so I could have had the advantages of wealth when I wad growing up.
Grandparents were dirt poor. Parents were modestly poor. Hoping I can break the mold so hell yeah.
When I think of them passing dollar signs are about the last thing I see.
It’s a bit of a double-edged sword, isn’t it? Inheriting wealth from relatives can be life-changing, but it often comes with a heavy heart knowing the cost at which it comes. You see friends with trust funds navigating life without financial stress, but you also witness the family drama and the expectations that can come along with it. My uncle used to joke that we’d all be set for life if we just found that one missing lottery ticket he swore he bought. Every family gathering, he’d have us in stitches searching through old coat pockets and drawers. Now, despite not having inherited a dime, these memories of laughter and love are my priceless inheritance. Generation by generation, the real wealth in a family isn’t in the bank account; it’s in the bonds and the stories that outlive us all. But, let’s be honest, a little financial cushion sure wouldn’t hurt.
It would have just been nice to have someone that could help me grow and explore life. Being able to survive a fuck up or two without it potentially ruining me.
A lot of people don’t understand how valuable a solid well-off familial situation is.
I had wealthy grandparents. My wealthy aunts and uncles gave it all away to charity because they said their children would never need it. My poor parents were too prideful to mention the money could fundamentally change my life. It turned out my aunts and uncles were right, they were rich enough that my cousins never wanted for anything. And those same aunts and uncles are constantly perplexed at how their talented nephew still doesn’t have a home, family and complains about student loan debt.
At the end of the day though, I’d trade any amount of wealth to have those grandparents be alive and healthy again. I don’t have any of course but if I did then I would.
Having wealthy parents or grandparents does not automatically mean you will be inheriting their wealth. They could have made their will out to charity or a friend, and there would be nothing you could do.
Wait until you see what death tax does
We’re fairly sure one set of my grandparents is well off and we know my dad will inherit an estate of around £1M. I’m sure me and my brother are being left something but as another commenter has eluded to, I’d much rather my grandparents never pass away. I’m incredibly close to both of them and see them every week, there is no amount of money you could offer me that’d make me ‘happy’ with inheriting once they’ve passed.
Inheritance money split my Nan’s family apart once her parents had died, and she didn’t want to spend what she was left with so gave it to my dad. I feel similarly I’ll be so upset once they’re gone I won’t want to spend the money either. I’d feel much happier saving it and giving it to my nephews when they’re older.
Naw. My parents are dirt poor but they pushed me and siblings enough that we all do good for ourselves. Who knows if that would have been the case if they were rich.
I’d rather have them for the next 50 years than any amount of money.
Having a million dollars would solve 99% of my problems in life. So yea, I wish I had generational wealth.
Way too many people think a million dollars is a lot of money and end up pissing it away. The 4% rule allows you to take out about $40,000/year. It’s better to continue your present lifestyle and let it compound a few years. Figure out a strategy to payoff expensive debt, with an eye on the future to become debt free.
My mom is 89 and I am sharing her estate with three other step-siblings, however, when she dies, her life insurance policy goes to me, alone. It will bypass the estate, so I’ll get it immediately. I am dirt poor and live paycheck to paycheck. Of course, I am looking with relief towards the day when I have money like that in hand, but I also hope my Mom lives to be 200.