The unhelpful nature of Inheritance....

[opieoilman]

Before my gran died, all of her belongings were put into trust, with my brother and I as beneficiaries and my mum and uncle as trustees. Now we need to take some of the land out of the trust and put into mine and my brother's names (building plots), it's a bit of a pain. Land registry and solicitors fees are not as bad as tax, but still paying more than enough, as far as I am concerned, especially as they aren't exactly quick about dealing with it. It will be worth it though, I would never be able to afford the plot and build on it.

[stichill99]

Do be wary of investing in agricultural land. You need to farm it yourself to avoid inheritance and I can tell you at todays land values and return on investment you will make a loss!

[Jockman]

Hoofy said:

RTB said:

This is usually made worse by the fact that the afore mentioned older people have spent 40 or 50 years scrimping and saving and when they have plenty they can't get out of the habit.

My parents could go out and buy a new Range Rover every 12 months, but instead they drive a 3 year old VW Tiguan (with fabric seats). My dad still takes pleasure in seeking out a bargain or fixing some old item and getting more use out of it.

Having said that last year he needed a new heart valve, so rather than wait for the NHS to get round to it he reached in his pocket and went private, maybe he's got his priorities straight.

Edited by RTB on Thursday 18th May 13:48

Thought you were about to say he reached into his pocket, whipped out a scalpel and sorted the heart valve out himself.

I thought it might be a fabric valve !!