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Value of Assets Assesed for Benefits Claim
ivanhoe52
Posts: 1 Newbie
I am likely to be made redundant towards the end of this year. I am searching for new employment frantically at the moment but am preparing for the worst. I may have a problem looming regarding benefits should I have to claim. I have a third share in a property worth about 55k (other than my main home) held jointly with two other family members. We all live well away from home (nearest about 5 hours drive) and use the property as a base when visiting surviving parent who is frail and in sheltered accommodation. My share of the property is worth about 18k. This means that my total assests and savings exceed 16k, although I cannot liquidate them as the other two owners wont sell. Does anyone know how this will be considered by the benefits people?
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