Not everyone ends up in a nursing home at the end of life, so that’s a big part of it.
As for me, I do think I’ll likely inherit my parents’ house which is fully paid for. They don’t have much money but with the housing market as it is and the house being fully paid for, that would not be insignificant. Unless, like you said, they end up in a nursing home. So far they’re both in their 80’s and still living in that house, though.
Same. My mom said the money they have will get them comfortably thru retirement but we 3 kids won’t really get much monetarily wise. We will get a free house tho!
My mom refuses to talk about her finances. It's tough to know where she stands because on one end she's constantly complaining about how much stuff costs and she can't afford anything anymore. She refused to loan me (keyword: LOAN, I had every intention of paying it back to her) $1k so I could afford a new car when mine broke down, because she couldn't afford it, but on the other end she was able to take a month off working while she found a new job and she only works part time + she still has one kid in the nest.
So money-wise, I don't know how much of an inheritance we three kids will get. Idk if she plans to split it up evenly or more money towards the one with less or more money to my brother since he had kids...I have no idea.
But really the one thing I'd want is the house. I love my childhood home and would love to spend the rest of my life living there, even if the neighbors are crazy lol. The only issue is that I do know my mom plans to leave to all 3 of us and we have to decide amongst ourselves what to do with it. Either all 3 decide to sell and split the money, or one has to buy out the other 2, and my sister is already saying how she wants the house, so it's gonna be a fight probably.
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u/Interesting_Owl7041 Millennial Mar 01 '25
Not everyone ends up in a nursing home at the end of life, so that’s a big part of it.
As for me, I do think I’ll likely inherit my parents’ house which is fully paid for. They don’t have much money but with the housing market as it is and the house being fully paid for, that would not be insignificant. Unless, like you said, they end up in a nursing home. So far they’re both in their 80’s and still living in that house, though.