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will beneficiaries on benefits
Comments
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What benefits?
It does'nt matter which benefits, they are on them for the rest of their days, the monies coming to them is what is due to them, my mother worked hard to bring a family up on her own going without to see her children did not (and I don't mean luxuries)!
This money will have to last them literally to their graves, which could be many years from now.
only constructive comments welcome.
Of course it matter which benefits! Only means tested benefits will be affected by having capital over the allowed limits.0 -
They could refuse the inheritance, leaving all the money to you, if you are the only sibling and other beneficiary.. You could gift them £1500 each per annum without affecting their benefits.when the will was written two siblings were on long term benefits (poor health) and still are, I am brother & executor and want to do what I possibly can to legally lessen the detrimental financial impact on my siblings benefits on receiving approx £25-30K.0 -
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How does that apply? No one can be forced to accept an inheritance - fact! It is called refusing a bequest.Oldernotwiser wrote: »You have obviously never heard of Deprivation of Capital!
Do your research before making stupid statements!! :mad:0 -
How does that apply? No one can be forced to accept an inheritance - fact! Do your research before making stupid statements!! :mad:
ONW is right - you're suggesting that the beneficaries get given less money; so they can keep their benefits or refuse it to keep benefits.Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
Devildog is quite right but unfortunately my well intentioned elderly mother did not get that advice from a solicitor when making her will. She made me executor and just before she died, asked me to LOOK after them, now that is what I am trying to do! krisskross put yourself in someone elses boots, for your sake you want to pray you never loss your good health.
only constructive comments welcome.
You'll find that the majority of members on this board have already lost their good health, and we're not keen on helping people find loopholes to get benefits they would otherwise not be entitled to.Only 3% of those registered blind in the UK have zero vision.0 -
No I'm not, can't you read? :mad: I'm suggesting they REFUSE the money - very different!ONW is right - you're suggesting that the beneficaries get given less money; so they can keep their benefits or refuse it to keep benefits.
Deprivation of Capital applies when money is received and then given away/spent to avoid losing benefits.0 -
In which case they should not post! OP asked for advice to a particular question and if people are unable to give positive feedback they should keep their unasked for comments to themselves!TheBottomLine wrote: »You'll find that the majority of members on this board have already lost their good health, and we're not keen on helping people find loopholes to get benefits they would otherwise not be entitled to.0 -
No I'm not, can't you read? :mad: I'm suggesting they REFUSE the money - very different!
Deprivation of Capital applies when money is received and then given away/spent to avoid losing benefits.
That money would still be counted though:
source - http://www.newcastle.gov.uk/core.nsf/a/wr_notionali+cFor means tested benefits, a person may be treated as having income or capital even though they do not actually possess it. This can occur if the decision maker thinks the claimant has:- Failed to apply for income or capital in order to keep claim benefit
Sealed pot challenge #232. Gold stars from Sue-UU - :staradmin :staradmin £75.29 banked
50p saver #40 £20 banked
Virtual sealed pot #178 £80.250 -
In which case they should not post! OP asked for advice to a particular question and if people are unable to give positive feedback they should keep their unasked for comments to themselves!
Should we just stand by and watch people defraud the taxpayer? This must be a wind-up.Only 3% of those registered blind in the UK have zero vision.0
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