inheritance and benefits

billywilly

poppasmurf_bewdley wrote: »

The way I understand this, if someone declines an inheritance, they are not entitled to request it goes somewhere else.

They would have to accept the inheritance and then give it away, thereby opening themselves up to the deprivation of capital rules.

Not at all true. The beneficiary can refuse to supply bank details so it can't be passed over. As I have said, if a properly drawn up affidavit is carried out then the executor must not pass the inheritance over. At worst it will sit in the estate bank account, at best it will be added to the other beneficiary's entitlement.

In a simple way it is no different than you saying to a friend that you do not want a loan to be repaid, even though previously you had a Promissory Note prepared stating when and how it was to be repaid.
You don't say 'well I will ignore the good gesture - here is the money, repaid in full and if you really don't want it, please give it back to me'.

I would admit that even doing that could well be seen to be deprivation of capital that was rightfully yours to have. But that is between the DWP and the sister and her alone in giving up the right to the inheritance.

dealer_wins

This thread sums up why benefits are out of control.

billywilly

dealer_wins wrote: »

This thread sums up why benefits are out of control.

How do you work that out?

You might as well say that the UK tax system is as just out of control.

There are loopholes to be taken advantage of and quirks in the regulations that are open to interpretation in both.

You will never stop people wanting to manipulate the system, whatever it is, for their own advantage as long as it is done in a legal manner.

FBaby

You will never stop people wanting to manipulate the system, whatever it is, for their own advantage as long as it is done in a legal manner.

I don't agree. They are many people who would be better off on benefits than their current situation but they belong in the group of those who believe benefits are only for those who don't have a choice. I do agree that this group membership seems to be getting smaller year on year but it is not everyone human nature to try to manipulate sytems to their benefit just because they can.

cte1111

billywilly wrote: »

She does if the other beneficiary gives up all rights to her share AND it is done in a legal way

Your suggestion does not apply though in this case, as the person who wrote the will has already died, so they cannot now change their will. It is sensible estate planning to consider skipping a generation, but it can't be done post-decease!