Is delaying inheritance until 65 so that it doesn't inflict on benefits allowed?

trailingspouse

So he could have £21,000 but is rejecting it in favour of staying on benefits? That's fine, we'll just keep on paying our tax to fund his benefits until he's good and ready to take the money.

bigbill

He would not retire and get his pension at 65 anyways now.

Tom99

bigbill wrote: »

He would not retire and get his pension at 65 anyways now.

Only if he is quick and 65 before 6th Dec.

lr1277

If solicitors are dealing with the estate, their fees will come out of the estate.
If one beneficiary wants the solicitors to keep dealing with this, then the beneficiary's pay out will be reduced by the solicitors' fees.

Just a thought.

Mojisola

trailingspouse wrote: »

So he could have £21,000 but is rejecting it in favour of staying on benefits? That's fine, we'll just keep on paying our tax to fund his benefits until he's good and ready to take the money.

He's got the option of taking the inheritance now and accepting the reduction to his benefits or continuing to refuse it until his state pension kicks in when he could find himself with a bill for all the overpayments and a fraud conviction.

bigbill

Tom99 wrote: »

Only if he is quick and 65 before 6th Dec.

Clearly says in OP he will be 65 in two years time.