Stashed away money - help!

busiscoming2

paulofessex wrote: »

I think banking it without talking to your Grandma first is not ideal. How about purchasing a safe for your Grandma, there not too exspensive these days, make sure its one that can be screwed to the floor/wall etc. You can get one where it opens with both a combination and a key.

Good idea in Theory, but then if undesirables force their way in and Grandma gets bashed in order for them to get key location or pin number from her.........

Talk to her first.

mackemdave

paulofessex wrote: »

I think banking it without talking to your Grandma first is not ideal. How about purchasing a safe for your Grandma, there not too exspensive these days, make sure its one that can be screwed to the floor/wall etc. You can get one where it opens with both a combination and a key.

Exactly what I was going to suggest......as for benefit fraud its a joke.....My Mum came into some money last year which meant that she was no longer entitled to rent and council tax benefit...I went with her to the council office to arrange for her to stop getting the benefits.....Went in and explained to the receptionist who we needed to see....Her words were "im not sure where to send you,never had anyone come in wanting to come off benefits"....eventually got seen by someone who tried everyway she could to stop my Mum coming off the benefits she had to insist she wanted to come off them.....The same applied to her pension credit that she was getting...9mths down the line she is still getting it despite telephone calls and letters to DWP sending them her bank statements etc showing this money....

Farway

mackemdave wrote: »

Exactly what I was going to suggest......as for benefit fraud its a joke.....My Mum came into some money last year which meant that she was no longer entitled to rent and council tax benefit...I went with her to the council office to arrange for her to stop getting the benefits.....Went in and explained to the receptionist who we needed to see....Her words were "im not sure where to send you,never had anyone come in wanting to come off benefits"....eventually got seen by someone who tried everyway she could to stop my Mum coming off the benefits she had to insist she wanted to come off them.....The same applied to her pension credit that she was getting...9mths down the line she is still getting it despite telephone calls and letters to DWP sending them her bank statements etc showing this money....

I suspect Ian Duncan Smith will alter this state of affairs pretty sharpish if he gets his way, not trying to make a political point here, but it would seem change is on the way

Me, I would just keep the cash separate but safe, but do discuss first

Errata

In the OP's shoes I would remove the money immediately and keep it somewhere safe in my house. Gran may not fully realise exactly how much cash she's managed to stash away, and a discussion with her about how and where to keep it safe can wait until she's recovered her health. She doesn't need the stress, worry and anxiety of deciding what to do about the cash until she's as well as she possibly can be.

Janey3

Your Gran is from a generation who did keep money stashed about the house, my late Mum was the same, despite my trying to get her to keep it in the bank. It made her feel secure that she always had money readily available. She lived so frugally and hardly spent anything, and the money soon racked up. We told her many, many times that the world isn't the same now as it was in her day, when doors were left unlocked, but it didn't make any difference.

I removed my Mum's cash and took it home with me, -but it was a slightly different situation for me, as I always knew there was money hidden there -and I returned it to it's hiding place when she was due home.

My initial thought was that you should leave it where it is, but I guess you are worried about the safety aspect. I wouldn't bank it at this time. She may mention it to you when you visit or you could drop a hint asking whether there was anything else you could do when you visit her home. If she doesn't mention the money, I would leave the money where it is.

The benefit aspect is her own matter and I wouldn't get involved in it.

sagalout1954

My Mum keeps her 'stash' in her knicker drawer. My in-laws keep theirs under the bed. They are all the full shilling and won't appreciate me telling a bunch of mid 80 year olds where they should keep their money!

If you can't discuss it with Grandma then it is not your business to put it in her bank - you may well find that although you have her best interest at heart, she does not appreciate it.

My Mum and in-laws draw out 'spare' cash so that they remain under the required level to qualify for Council Tax benefit. Do I give a stuff if people scream FRAUD - not a bit. If they get caught, on their head be it. They are OLD, not senile.

All_eBayed_Out

Personally I think you should set up a bank account in your name and bank it.

aloise

My sil hid loads of money all over the house and didn't tell anybody where it was,her mother did the same and sil's husband got that bug as well. All very well but if you are going to do that tell somebody you trust where it is. we know that we haven't found all of it, still coming across it when turning out rooms to redecorate, 10 years on. Worst thing is i think my dh is doing the same now. It must be a family thing, the stupid old f***s

scotsbob

All_eBayed_Out wrote: »

Personally I think you should set up a bank account in your name and bank it.

Taking money that doesn't belong to you, without permission, and putting it in a bank account in your name is theft.

All_eBayed_Out

scotsbob wrote: »

Taking money that doesn't belong to you, without permission, and putting it in a bank account in your name is theft.

I don't mean theft it. Keep it safe so that scum don't enter the property and take money like they did to my nan last year.