Inheritance....what should I do with it?
- Thread starter snips86x
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I am actually in the same situation as you right now. Just buy some property as per Dr house' suggestion. Good long term guaranteed returns for the future.
£1kpcm housing market indexed return for life with an easy exit for a one off outlay of £200k, is where my money goes.
Fox is right though, this thread so soon is quite vulgar :/
£1kpcm housing market indexed return for life with an easy exit for a one off outlay of £200k, is where my money goes.
Fox is right though, this thread so soon is quite vulgar :/
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Whatever else you do, buy yourself something nice by which to remember her if she didn't leave you anything personal.
Soldato
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Pallet of second hand jeans off of eBay.
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As for what to do with it, have a think about what she would want you to do (assuming you got on with her
) with it. If you think she'd advise the sensible route of investing it then go with that. For me personally, i know my nan would want me to do something amazing with it while i'm able to. A trip to somewhere amazing or do something really special.... you know, the sort of thing that lets you enjoy life!
Just make sure you take a while to think it through, once its gone, it'gone.
As for what to do with it, have a think about what she would want you to do (assuming you got on with her
) with it. If you think she'd advise the sensible route of investing it then go with that. For me personally, i know my nan would want me to do something amazing with it while i'm able to. A trip to somewhere amazing or do something really special.... you know, the sort of thing that lets you enjoy life!Just make sure you take a while to think it through, once its gone, it'gone.
Did no-one read my foot notelol
I already own a house and ISA sounds like a good idea!
2nd house?
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Up yer beak
Edit - seriously though, what rate can you get on an ISA these days @15K? Have a word with bank manager about a locked-in savings scheme of some kind I suppose
Edit - seriously though, what rate can you get on an ISA these days @15K? Have a word with bank manager about a locked-in savings scheme of some kind I suppose
Well one example would be a grandparent that had been steadily getting worse and worse over a long period of time to the point where they finally passed away. It would remove most of the shock that comes from death (in fact it could even be relief) and would explain why he would know what he was getting so soon after.
Edit: just having read the second page that sounds entirely like what actually happened...
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Soldato
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doesn't probate take weeks/months?
when my granddad died,it took about 6 months before any inheritance got distributed. so yeah, it's a bit soon
Associate
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My grandma is skint she always has been. I won't be able to even operate normally for a few weeks when I lose her. We have been so close all my life. Thoughts are with you sorry for your loss x
Sorry to hear about your grandmother.
When I inherited a lot of money when my great uncle and dad died I bought a 57 passat and got it mapped, upgraded my pc and the bought as many premium bonds as I could, filled my isa the put the rest in a saffron walden bs online savings account. Was in those for a 6 months (now using it to buy a house) and I made the most money in the bonds. Ranging from 25 to 100 quid each month. Whilst a similar amount in savings and isa we're bringing in about 10 quid.
When I inherited a lot of money when my great uncle and dad died I bought a 57 passat and got it mapped, upgraded my pc and the bought as many premium bonds as I could, filled my isa the put the rest in a saffron walden bs online savings account. Was in those for a 6 months (now using it to buy a house) and I made the most money in the bonds. Ranging from 25 to 100 quid each month. Whilst a similar amount in savings and isa we're bringing in about 10 quid.
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Sorry to hear about your grandmother! I lost two grandparents last month, one left my sisters and I a sizable sum, the other has left their money as a trust due to the amount.
my current plan is to put about 15k into a stocks and shares isa with a medium risk level with a company called nutmeg, after doing a bit of reading around this seems like a fairly good long term investment, I'm a bit undecided as to what to do with the rest yet!
my current plan is to put about 15k into a stocks and shares isa with a medium risk level with a company called nutmeg, after doing a bit of reading around this seems like a fairly good long term investment, I'm a bit undecided as to what to do with the rest yet!
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