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re: How Many of You Have Inherited Significant Assets?
Posted on 5/27/26 at 7:37 pm to RanchoLaPuerto
Posted on 5/27/26 at 7:37 pm to RanchoLaPuerto
Sometimes my dad tells me what his brokerage account is up to...my net worth will double when he and mama pass.
So no, nothing too significant.
So no, nothing too significant.
0
Posted on 5/27/26 at 7:37 pm to RanchoLaPuerto
I inherited about $50K worth of Exxon stock from my grandfather who worked there for 40 years.
Certainly not life-changing at the time. However, I just reinvested the dividends for the 20 years since I inherited it and now provides a couple of thousand bucks per month income stream for me. Combined with a couple of other income streams, this has allowed me to retire early.
What a special gift from my grandfather…..
Certainly not life-changing at the time. However, I just reinvested the dividends for the 20 years since I inherited it and now provides a couple of thousand bucks per month income stream for me. Combined with a couple of other income streams, this has allowed me to retire early.
What a special gift from my grandfather…..
Posted on 5/27/26 at 7:39 pm to lynxcat
I got to pay for both parents funerals with zero help from my brothers. I never bitched about it. My mom was living in a house I owned. When she passed my brother expected half of the house. I had to break it to him while he was globe trotting I had paid for her house and car and I actually owned the house and car. Problem was, he was worth a fortune to begin with.
Posted on 5/27/26 at 7:42 pm to RanchoLaPuerto
My wife inherited about 750k worth of income producing real estate and about 100k in cash.
We wiped out all debt aside from home, went on a couple vacations, stuck the rest in an emergency fund, and have another source of income.
We wiped out all debt aside from home, went on a couple vacations, stuck the rest in an emergency fund, and have another source of income.
Posted on 5/27/26 at 7:44 pm to RanchoLaPuerto
My siblings and I each got about $6000 when my dad passed away.
Had to pay like $2200 in taxes
So maybe that’s too low for this thread.
Had to pay like $2200 in taxes
So maybe that’s too low for this thread.
Posted on 5/27/26 at 7:52 pm to RanchoLaPuerto
Yes
Posted on 5/27/26 at 7:52 pm to TheEnglishman
Speak for yourself Bill Gates!
An extra $50k in the bank now would turn into about $200k when I retired… enough to pay for 20 years worth of $10k vacation
An extra $50k in the bank now would turn into about $200k when I retired… enough to pay for 20 years worth of $10k vacation
Posted on 5/27/26 at 8:02 pm to RanchoLaPuerto
When I was 37 I inherited about $86K from my two aunts who died two weeks apart. I was an owner in a business startup about three years earlier. The income from the business eventually made that meaningless, but it gave me a jump on cash flow that really helped at the time because while the business was making a lot of money, it wasn’t spinning off cash.
Then when mom died about 15 years later I got something similar, but I think we gave that away. We were cleaning up in business by that time. My wife’s mom died within months of my mom, and we just signed our share over to her brother.
Then when mom died about 15 years later I got something similar, but I think we gave that away. We were cleaning up in business by that time. My wife’s mom died within months of my mom, and we just signed our share over to her brother.
Posted on 5/27/26 at 9:02 pm to RanchoLaPuerto
Inherited 700 acres. No money.
Posted on 5/27/26 at 9:06 pm to RanchoLaPuerto
My mom gave me a sealed envelope from my grandpa with the note "beginning to a fortune?"
had about $2.38 cents worth of coins and old school coin sleeves for the pennies, nickels, and dimes.
had about $2.38 cents worth of coins and old school coin sleeves for the pennies, nickels, and dimes.
Posted on 5/27/26 at 9:10 pm to RanchoLaPuerto
quote:
I’m just wondering how many are (like me) at zero when it comes to inherited wealth. That’s why I set it low. Probably could have phrased it better.
The wife and I inherited debt from both sides.
Posted on 5/27/26 at 9:16 pm to RanchoLaPuerto
My wife did. Blew it all with nothing to show for and no lessons learned. Sore subject. Could be real ahead of the curve at this point in life.
Posted on 5/27/26 at 9:18 pm to RanchoLaPuerto
Inherited 2.25% of 6,800 acres in the mid west, currently leased farm land. Been in our family for 200 years this year. Original deed was signed by John Adams, my great grandfather, and is hanging in our local family office.
ETA: John Quincy Adams
ETA: John Quincy Adams
This post was edited on 5/28/26 at 6:32 am
Posted on 5/27/26 at 9:33 pm to RanchoLaPuerto
My mother passed and left my brother all she had. A paid off trailer and $100k. She and I were never close.
My mother in law had a net worth of a paid for $300k house and about $250k in investments. As she got older we kept telling her she needed to talk to financial expert about how to best shepherd assets. She never did. As her health failed, she sold her house and put it all in an annuity and moved in with us. Lived with us for almost 5 years and finally got to the point she had to go into assisted living. Been in a year and had already blown thru $100k. Her health issues were mainly mobility issues and I could see her living several more years and I hope she does. The nursing home will likely drain her dry. Doubt we see a penny of inheritance.
My dad remarried about 15 years ago. They have a paid home worth about $250k and $400k in investments. He keeps saying he is going to get a will done but never does. If he goes first then it all goes to his wife, as it should, for her to continue to live on. Problem is she has a junkie daughter who will bleed her dry once my dad isn’t around to stop it. So doubt I see a penny from him either.
I have always lived my life assuming I would not get a penny from anyone and have handled my finances accordingly. Still sucks to think that I potentially been left a few hundred thousand dollars but bottom line,
It’s there money and not mine.
My mother in law had a net worth of a paid for $300k house and about $250k in investments. As she got older we kept telling her she needed to talk to financial expert about how to best shepherd assets. She never did. As her health failed, she sold her house and put it all in an annuity and moved in with us. Lived with us for almost 5 years and finally got to the point she had to go into assisted living. Been in a year and had already blown thru $100k. Her health issues were mainly mobility issues and I could see her living several more years and I hope she does. The nursing home will likely drain her dry. Doubt we see a penny of inheritance.
My dad remarried about 15 years ago. They have a paid home worth about $250k and $400k in investments. He keeps saying he is going to get a will done but never does. If he goes first then it all goes to his wife, as it should, for her to continue to live on. Problem is she has a junkie daughter who will bleed her dry once my dad isn’t around to stop it. So doubt I see a penny from him either.
I have always lived my life assuming I would not get a penny from anyone and have handled my finances accordingly. Still sucks to think that I potentially been left a few hundred thousand dollars but bottom line,
It’s there money and not mine.
Posted on 5/27/26 at 9:50 pm to Rendevoustavern
quote:Interesting as you’ve been dead since 1900 according to the Google.
Original deed was signed by John Adams, my great grandfather,
If it’s not THE John Adams, perhaps you should note that.
Our family farm was a British land grant to (about) my 7th great grandfather in Virginia.
My great grandfather went to sleep one night as a four year-old in the farm house on that property and woke up the next morning in the same farmhouse but he was then in West Virginia.
Posted on 5/27/26 at 10:17 pm to RanchoLaPuerto
Nope, our parents have very few assets
Posted on 5/27/26 at 10:27 pm to TDsngumbo
I don’t know dude. All that sounds like a shite ton of money that would add up to a lot more than half a million.
Investing like they did and inheriting old Exxon stock alone is probably millions.
Does your wife have any siblings?
Investing like they did and inheriting old Exxon stock alone is probably millions.
Does your wife have any siblings?
Posted on 5/27/26 at 10:51 pm to wallowinit
Yea a few siblings. We’ll find out eventually. Hopefully we don’t find out for a long time. Besides, it’s gonna be my wife’s inheritance, not mine, so obviously naturally I’m curious but it really doesn’t matter what I think about it!
This post was edited on 5/27/26 at 11:04 pm
Posted on 5/27/26 at 11:01 pm to RanchoLaPuerto
My wife has.
Posted on 5/27/26 at 11:03 pm to RanchoLaPuerto
Parents are still alive. Pretty sure I’ll get nothing. Oh well. Never expected anything to begin with
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