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Will you/did you get an inheritance when your parents pass away?

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ringmastery Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:31 PM
Original message
Will you/did you get an inheritance when your parents pass away?
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Skittles Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:32 PM
Response to Original message
1. no
any inheritance will take care of my autistic brother.
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BlackVelvetElvis Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:33 PM
Response to Original message
2. Yes. I have a home that's paid for.
Plus stock. Given to me before my mom dies.
I'm very lucky.
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11 Bravo Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:33 PM
Response to Original message
3. Yeah, but I'm in no hurry.
We'll probably just place it in a trust for our kids.
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donhakman Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:42 PM
Response to Reply #3
4. questions like these
are often posed by con men and crooks.
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fishnfla Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 10:27 PM
Response to Reply #4
29. .
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Redleg Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 09:54 PM
Response to Original message
5. Why do you ask?
EOM
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 10:10 PM
Response to Original message
6. I got bills! We had to sell my parents home to pay off medical bills.
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BiggJawn Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 10:12 PM
Response to Original message
7. No.
I was on the "outs" with my family , thanks to my shrewish ex-wife (it was easier to not contact them than go therough hell at home)so mom cut me out of her will.

She forgot to put me back in once I got divorced and we reconciled. she died suddenly.

I'm in no hurry to see what Dad might leave me. of coure, he's one of those cranky old men who tries to manipulate people by threatening to "Go see my Lawyer and CHANGE some things!" so I'll prolly get fucked out of anything I might have had coming there, too.

Ah, who gives a fuck. Nobody owes me shit, and I'll probably learn to LIKE cat food when I'm old and decrepit....
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testing123 Donating Member (617 posts) Send PM | Profile | Ignore Fri Jul-09-04 10:15 PM
Response to Original message
8. Medical Bills
I got real lucky I was left with medical bills.

I signed for a blood transfusion in the hospital for my Mom and after she died I was sued for her medical bills that were left over.

I got lucky!
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candy Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 10:55 PM
Response to Reply #8
11. Why would you be responsible for her medical bills?
Was it just because of that signature?

I'm an older person and assumed that any debts that I leave would be taken from my estate and that if there was no estate the hospital or any other creditors would have to absorb the debt.

I didn't know they could go after an adult child.





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testing123 Donating Member (617 posts) Send PM | Profile | Ignore Fri Jul-09-04 11:20 PM
Response to Reply #11
12. They can
If the insurance company doesn't pick the bill up they come after the person that signed for things like a blood transfusion.

No one knows to read the form before you sign it but it's on the form that you take responsibility of the bill if it's not paid.
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candy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 01:26 PM
Response to Reply #12
24. Unbelievable.
What if everyone refused to sign these permission slips? Would they refuse treatment?

Forgive my ignorance but this all comes as a great shock to me.

My kids are all raising families and I sure as heck don't want to mess them up if something happens to me.
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put out Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 10:16 PM
Response to Original message
9. No. And this is why.
My parents will never die. Not Leon, not Ellen, not Dick, not Pam, not D.D., not Victor, not Ginger, not Larry. Nor Grandma Harris, nor Grandma Vivian, nor Grandma Gilbert, nor Grandpa John.

Every single person is loved. I hope to inherit nothing. I have enough.
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YellowRubberDuckie Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jul-09-04 10:23 PM
Response to Original message
10. When my dad died, I didn't get so much as a hanky...
Because my mom is so tight with everything he ever had. She cares more about his possession than even me. And when she dies, I'll inherit everything. And then I'm going to find my half-brothers and give them something just to piss her off.
Duckie
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Nikia Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:15 AM
Response to Original message
13. Probably not andI hope it is quite a while
My father and step mother make about the same amount of money as my husband and I, which is around median income, and they still have a child at home. Until about five years ago, they were really poor. I got reduced lunches in high school when I lived with them 8 years ago.
My mother was heavily in debt until she married her third husband a few years ago, a high salaried previously single professional, who helped her take care of all that. They live in an affordable home for them and lots of nice stuff. She has two children at home. Unfortunately, her highly paid husband 's job was just outsourced to India and the prospects for a job that pays even 75% of that don't look good, 25% is more realistic.
They are still in their 40s so they will probably be around for a while, I hope for several reasons having do with concern for them and repairing our relationships and also because it might mean that I am suspetible to dying early too. Their financial situation could change in a few decades or more. I'm not counting on anything though and I'll hope to be old myself by then.
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Kathy in Cambridge Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:22 AM
Response to Original message
14. My parents don't have much $$-but their house is worth a lot
Edited on Sat Jul-10-04 08:22 AM by RationalRose
by virtue that it's in Cambridge. They paid $15K for it in 1966 and can sell it for $900K. I shit you not.

On edit: I don't expect an inheritance, and I hope they have fun spending their $$ in retirement!!
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Jokerman Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:29 AM
Response to Original message
15. The nursing home has sucked my dad's finances dry.
A year ago he owned two houses and had several thousand dollars in the bank. One year in the nursing home and now he's broke.

I've never expected to inherit anything but now I'm just trying to make sure these leeches don't bankrupt the rest of the family.
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fishnfla Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:35 AM
Response to Original message
16. you know,I have no earthly idea, dont think about it, and dont care
nobody in our family talks or thinks about it. My wife and her mother have some deal set up, but I told them to leave me out of it.

I aint a vulture
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VelmaD Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:40 AM
Response to Original message
17. I don't want their money
There are a few items of sentimental value in the house that I'll get but I've told them repeatedly that I want them to go out and have a fun retirement and spend what THEY earned on themselves. Whatever they don't spend will probably go to the grandkid(s) (or hopefully they'll live to see great-grandkids) to help with college.

I have something more important than money or things...I have memories. :)
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ikojo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:51 AM
Response to Original message
18. My dad died in 1983 and I got NOTHING. I am not sure
whether his new family got anything. I am sure he had life insurance and they got that.

My mom has NOTHING. She worked all her life and didn't make a lot of money.

I have read, however, that when the parents of the baby boomers die it will constitute the greatest transfer of wealth from one generation to next in history.

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RebelOne Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 08:55 AM
Response to Original message
19. Fortunately, my mother's home was paid for
Edited on Sat Jul-10-04 08:55 AM by RebelOne
when she passed away. My siblings and I sold it and split the money. But we had to split it 5 ways, so everyone only got about $20,000 each.
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YellowRubberDuckie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 09:02 AM
Response to Reply #19
20. I like to see siblings not fight over money when their parents pass...
It's sick how greedy some kids get when their parents die. It's nice to see you guys split it equally.
Duckie
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rhino47 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 09:23 AM
Response to Original message
21. I got an inheritance when my grandmother passed away
So did my cousins.It basically ruined their lives.They are now such slackers waiting for the monthly check.They have sadly done very little with their life.
I truly believe that children shouldnt inherit allot money.
It really does them little good.It takes away incentive to go out and make their own way.
It left me with an almost disdain for money.I loathe excess.So it had a profound effect on me also.
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LiberalTechie1337 Donating Member (359 posts) Send PM | Profile | Ignore Sat Jul-10-04 10:01 AM
Response to Original message
22. Don't know
It's not exactly something you want to bring up with your parents. Besides, it should be a while, as my parents are only 50 and in good health.
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MissMillie Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 10:01 AM
Response to Original message
23. My folks own a house
I imagine it will be sold and whatever money is there will be divided between the 6 of us (maybe 7 if my folks included a woman who was a foster child that lived with us for years--which I hope she did).

I got $1500 when my grandmother died.

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fortyfeetunder Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 02:13 PM
Response to Original message
25. The only sure thing in inheritance
Is inheriting your parent's name.
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bo44 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 02:56 PM
Response to Original message
26. Yes
My dad worked hard and sacrificed greatly for what he will leave behind. Sadly, he also sacrificed healthy, loving relationships with his wife and kids in order to succeed. He will not let anyone close to him within the family, he fears all his work will be blown once he's gone and has difficulty enjoying what he has now.
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trof Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-10-04 03:10 PM
Response to Original message
27. Miz t. got an oil well.
Well, 1/6th of a 1/5th share. 1/30th?
Brings in a couple of hundred a month.
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traco Donating Member (579 posts) Send PM | Profile | Ignore Sat Jul-10-04 07:32 PM
Response to Original message
28. I dont want to inherit
I want my mother to live forever.

I would rather sacrifice any financial gain from her death, to have her outlive me.
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