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Inheritance

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Comments

  • melanzana
    melanzana Posts: 3,953 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    @ calley.

    Thank you for the clarification. I am human, and obviously misinterpreted.

    Terrible isn't it though, that people can use a deed of variation to avoid TAXES, but cannot do so to enable them to preserve benefits.

    http://uk.practicallaw.com/4-500-3058



    But no matter. Manners maketh man. (or woman!)
  • Don't think i have mentioned this but there was no will produced by his mother hence where this probate proceedings is taking place. They will probably be in the process of gaining the inheritance.
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    Don't think i have mentioned this but there was no will produced by his mother hence where this probate proceedings is taking place. They will probably be in the process of gaining the inheritance.

    Still makes no difference if no will was made. As they are due to inherit through the intestate rules, the same rules apply.

    As has been said there is no way around. And your friend with have to bite the bullet and if need be come off means tested benefit. And pay there own way.

    Yours

    Calley
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    melanzana wrote: »


    But no matter. Manners maketh man. (or woman!)

    Yep and I would have said the same to you face to face.

    And I don't think its rude to ask if you have read the rest of the thread. Before you replied.

    Yours

    Calley
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • I appreciate your advice guys and sorry if i have become unknowledgeable in these maters
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    I appreciate your advice guys and sorry if i have become unknowledgeable in these maters

    Why would you have the knowledge?

    I was thrust into the lovely world of benefits through no fault of my own. Also reading the benefits board is where I gained my knowledge.

    Your friend is fine until the money hits his account. Then he must inform everyone asap.

    As I said get your friend to keep receipts and don't go over board. If the money is spent quicker then a decision maker feels is appropriate. They could claim he has done it to reclaim benefits.

    Yours

    Calley
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • melanzana
    melanzana Posts: 3,953 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker I've been Money Tipped!
    calleyw wrote: »
    Yep and I would have said the same to you face to face.

    And I don't think its rude to ask if you have read the rest of the thread. Before you replied.

    Yours

    Calley

    What do you think about the fact that people can avoid taxes by a deed of variation, but cannot sort their lives out to keep their benefits?
  • Tigsteroonie
    Tigsteroonie Posts: 24,954 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    melanzana wrote: »
    What do you think about the fact that people can avoid taxes by a deed of variation, but cannot sort their lives out to keep their benefits?
    I know what I think - that such a question is a divergence from the question asked in this particular thread, and would be better posted over on the Discussion Time board so as not to de-rail this thread.
    :heartpuls Mrs Marleyboy :heartpuls

    MSE: many of the benefits of a helpful family, without disadvantages like having to compete for the tv remote

    :) Proud Parents to an Aut-some son :)
  • calleyw
    calleyw Posts: 9,896 Forumite
    Part of the Furniture 1,000 Posts Name Dropper I've been Money Tipped!
    melanzana wrote: »
    What do you think about the fact that people can avoid taxes by a deed of variation, but cannot sort their lives out to keep their benefits?

    That has no bearing on what is being discussed.

    If you have the money to support yourself why should you claim help from the state? There is not enough in the pot as it with everyone claiming and not enough being paid in. So where do you draw the line?

    You should really take this over to Discussion Time.

    Yours

    Calley
    Hope for everything and expect nothing!!!

    Good enough is almost always good enough -Prof Barry Schwartz

    If it scares you, it might be a good thing to try -Seth Godin
  • Topcat1982
    Topcat1982 Posts: 391 Forumite
    If they were to move into the house it would be disregarded for means tested benefits
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