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.
Comment on I'm pretty sure all of us have given up on any boomer giving us anything anyway
kuerbiskernoel@feddit.org 20 hours agoMany people inherit a house or a flat
orgrinrt@lemmy.world 20 hours ago
jj4211@lemmy.world 16 hours ago
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.