How will inheriting half a house affect my benefits?

Ready_Teddy_Go

Sunny_Intervals wrote: »

Why would you come off ESA when you reached £16,000? Wouldn't you just switch to a NIC only claim? Then when you're under £16,000, declare a change of circs and ask them to reassess your capital/resume payments?

I assumed that's how it all worked. I'm pretty new to all this. This is my first time on benefits as i've always worked.

Cheeky_Monkey

Ready_Teddy_Go wrote: »

Selling the house isn't really an option. If we sold it and i took my 50% which would be roughly, say, £200k. 1.I'd be selling the home we grew up in. So what? 2.That £200k wouldn't last long in rent elswhere You could use it to buy somewhere cheaper instead 3.If i sold and had £200k in the bank my benefits would stop entirley. I think that if you were going to use it to buy your own home, it would be disregarded for a certain length of time so your benefits would continue So that £200k definetly wouldn't last long. 4. I have a daughter and would leave my half of the home to her. If i sold it i couldn't do that. Again, so what?

Comments in red

JimmyTheWig

Ready_Teddy_Go wrote: »

Well, the current setup although not ideal, i still have enough money to be independent. Eventually i'll have around, what did i work it out as in previous posts, £36 per month left over was it? £36 per month to travel to hospital, gp, see friends, to shop, buy clothes, save for emergencys that arise, boilers, fridges, washing machine etc. I've already had to give up my car. It simply doesn't add up.

So I guess the question is what is the current setup? How is it different to what it will become?

w06

So you'll be in the same position as many of us here who are currently reliant on the state for financial support, except you'll also have a 200k asset.