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Mildly Infuriating
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I never really considered an inheritance an option. Seems so off-worldly to me, even though I am by no means from a poor family, just lower middle class.
I think the entire concept of inheritance is something more prominent in developing countries like US or India, where there isn’t a well-established safety nets already in place by the government itself.
Of course we have inheritances too, I know a few who got something, but most of it gets taxed away upon receiving or vanishes covering the deceased’s debts, so I’ve never heard anyone I know get anything other than maybe a weekend vacation in the city next over or maybe a small chunk of student debt away.
Then again I’m not very well-off, and I do know there are the upper class families that have a long standing generational wealth passing over to the new generations. I guess it really depends on the circles one’s in.
But I still think it’s not as common here, at least I’ve never considered it to be normal, and I’ve known well people from upper middle class too.
Many people inherit a house or a flat
So I had a relative who passed, but saw it coming and tried to make some moves to make sure his only son was set up to take care of his wife, because his wife had never really had to "be an adult" and went her entire life without handling any bills or finances or anything. So when he passed at least his middle aged son would be there to handle things including their house.
So he died and sure enough, she couldn't handle independent living. So they decided to sell the house and she'd move in with another relative. So the rest of us are thinking "oh good, at least they cashed out in this crazy high real estate market to have a bit of a cushion".
However, no one thought about how little the middle aged son had to worry about things like housing and stuff. He never had to buy or rent a house, he had a hand me down trailer parked on a relatives land. He always had a used car gifted to him by and other relative getting rid of it. So he had no idea what he was doing either, thought a seller's agent was a scam to take their money, and they ended up selling the whole house and land for about $50k before any one else had any idea that they were even thinking of selling.
As well liked as he is, so much frustration when everyone has to take on a burden to help them and they make such a huge mistake that could have made things so much easier.
Interesting to have a relatively large family to see all the scenarios play out. Also have a relative that is spending all his money and is mortgaged to his eyes, and another relative who lived like a pauper who turned out to have a couple million in liquidity in her 80s because she wanted her kid to be surprised when they got hit with a big inheritance.
Unless they’re the sole recipient of a will (doesn’t seem very common), at least here those are almost always liquified and proceeds split according to the will. Doesn’t amount to much usually, though it might be different in countries that have very large and expensive cities.