Inheritance

melanzana

I meant no offence to anyone at all.

But if others think I did, what can I do?

konark

How long can the house be kept 'in the estate ', unsold, without being distributed to the beneficiaries? .I know of the 'executors' year' but if you put it for sale for more than it's worth you could drag it on for years, during which time your friend would be able to claim his benefits.

If the other 2 beneficiaries are also on benefits they may not be eager to sell .

What is the value of the house? Bradford is ,..how shall I put this, not exactly Mayfair when it comes to house prices; it might only be worth £40,000. After selling costs and split 3 ways, pay a few debts off and your friend might only be left with £10,000.

Mojisola

konark wrote: »

How long can the house be kept 'in the estate ', unsold, without being distributed to the beneficiaries? .I know of the 'executors' year' but if you put it for sale for more than it's worth you could drag it on for years, during which time your friend would be able to claim his benefits.

If the other 2 beneficiaries are also on benefits they may not be eager to sell .

But it will cost them all money out of their benefits in the meantime. After a set period, there may be CT to pay. If the house is left without heating over the winter, it will deteriorate and lose value. Someone will have to do house and garden maintenance or pay for it to be done.

calleyw

melanzana wrote: »

I meant no offence to anyone at all.

But if others think I did, what can I do?

You have been asked twice by two different people to take this over to Discussion time.

So please do as you have been asked.

Yours

Calley

melanzana

calleyw wrote: »

You have been asked twice by two different people to take this over to Discussion time.

So please do as you have been asked.

Yours

Calley

I see you have elevated yourself to a moderator.

Congratulations darling. You obviously like to be in control. :rotfl:

Over and out (I'm going out to lunch I mean).

calleyw

melanzana wrote: »

I see you have elevated yourself to a moderator.

Congratulations darling. You obviously like to be in control. :rotfl:

Over and out (I'm going out to lunch I mean).

Nothing of the sort. You have been asked not to de-rail the thread. As it has very useful information for others.

I have given the information that is required by the OP. So no need to waste my time on people who have very little to say that is of use.

You would not last 30 seconds in DT.

Also added you to my ignore list.

Yours

Calley

thorsoak

You will find that this sort of question crops up regularly in the Benefits forum - Google deprivation of assets

Ziggazee

So he thinks the taxpayer should continue to fund him despite the fact he has such a large asset? Benefits Britain at it's finest!

dancingfairy

Your friend needs to double check there isn't a will. If there is a will then he needs to know exactly what it says, does it say the house is to be sold and split between by 3 children or does it say I'm leaving the house to my 3 children? If there is no will then they will own a share of a house.
Clearly the most sensible and logical thing to do would be for all parties to agree, the house to remain in the name of 'the executors of mrs x' until it is sold , any expenses paid out and the estate split 3 ways.
Fairly or unfairly the state will say he has an asset and that he therefore should not get benefits.
It might be worth a word with the solicitor to find out how much is hourly fees are and then point out to the other 2 that if he has to start proceedings to force a sale then it will cost x amount per hour which will eat into any money they will eventually get.
Is it possible for all the siblings to talk about the house? Perhaps they could meet at the solicitors to discuss the options?
df
Edit: I can understand him thinking the house may be worth a lot in the future (not that I necessarily agree with it) but frankly a house that may or may not be worth a fortune in the future, which requires upkeep and is jointly owned with his family is likely to mean not being able to afford a roof over his head or to be able to feed himself right now. It clearly just isn't a viable option (unless the siblings want to rent it out to earn enough for all 3 of them or they pay your friends living expenses for him).

pmlindyloo

It may be possible that benefits would not be affected as it could be argued that their capital/share of the house is, in fact, nil because because of the refusal of the other two to sell.

This is complicated and it is late! Will post some guidance about it in the morning.

Having said that it does seem sensible for the house to be sold.