Inherit property - lose benefits

steve111

Putting the property and money into a Trust will I think be impossible in the time frame for my mother's end-of-life.

getmore4less

the will changes could do the trust but needs specialist advice.

if seeing a solicitor to make the changes anyway it may be worth asking what they think, there are a couple of simpler options but probably a complication too far at this time and not sure it would really make things much different.

The primary issue seems to be do either of you want to live there.

steve111

Neither of us wants to live there in the long term. If I inherited I would either sell it or spend a little on refurbishing/redecorating it then let it. The rental income would either go to me or perhaps be split 50/50 if we inherited the house jointly.

Keep_pedalling

steve111 wrote: »

Neither of us wants to live there in the long term. If I inherited I would either sell it or spend a little on refurbishing/redecorating it then let it. The rental income would either go to me or perhaps be split 50/50 if we inherited the house jointly.

It would be better for you to inherit the money and your sister the house. She would then have a home and security and it won’t emmediately effect her benefits. She could sell up later and buy somewhere more suitable.