Will

[cherry545]

Hi it's been a while since I posted on here but have always found feedback/advice invaluable.

Well my parents have made a will. they have decided the house will be split between myself and 2 siblings. I live at home and have handed keep into household for the last 25 years. I currently give £400 a month to my parents for housekeeping. I feel the Will arrangements is unfair and have told them this. My siblings are both married and I belive they will want the house sold so they can get their inheritance. However this will leave me with no security.

My IVA ends in approx 18 months (hopefully!) should I wait until my Iva ends before telling my parents of my strong concerns re Will?

[grimswold]

My thoughts are that I wish I could have lived for £400 a month. That money would have gone on food, bills etc and I would imagine it must have cost your siblings a LOT more than that to live. The house is separate, and probably you will need to separate the two things out in your mind. It might sound harsh, it isn't meant to be but if living costs (ie contribution for food, bills and "rent") have only cost you £400 a month, you are really lucky.
I would say that you should not be upset by the will. The house is your parents' to do what they wish with, if they want to share it between all of you that is their choice and must be respected. You have no say or right to determine what they do with their own property.

[cherry545]

£400 a month is what I give to my parents. I have my own bills/outgoings in addition to this.

[lifenoteasy]

Personally I would be working on the basis that my parents have made a decision that is theirs and that I would hope they are around for a long time.

[relieved33]

My son pays more than that to rent a room at uni. I personally wouldn't want to upset my pparents with a discussion. A three way split is only fair and even if you think otherwise, it's their choice. If you disagree, move out!

[Leese]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by cherry545

£400 a month is what I give to my parents. I have my own bills/outgoings in addition to this.

Do you pay for your own heating, water, electric, food?

[grimswold]

font size="1" face="Verdana, Arial, Helvetica">quote:<hr height="1" noshade>Originally posted by cherry545

£400 a month is what I give to my parents. I have my own bills/outgoings in addition to this.

So none of what you pay is your roof over your head, heating, water, council tax or food?

[luluj]

I do understand how you are feeling as I have friends who live with their parents and have done so for over 18 years now ... my friends took over the last five years of mortgage payments as the parents pensions were a little tight ... her brother and his wife have only just managed to buy their first home at nearly 50 ... but the parents have made it clear that the will is in favour of the daughter and son in law getting the house at the end of the day with the son having any money left.
Difficult and hard to accept but it is the wishes of the parents at the end of the day.
I personally think you may be better of in the long run to start making provision now and maybe look to rent somewhere of your own so when the time comes you don't have to have those difficult conversations with your siblings etc .. don't fall out over money ..it is not worth it.