Worried about implication

Savvy_Sue

And what have Mum and the siblings been doing up to now? Why do any current arrangements need to change?

2e0arr

how much money have they got to give her please ?

Sea_Shell

I'd also be very wary about opening a joint account with siblings, as you would then be financially linked, and your credit history could be compromised if any of them get into financial difficulty.  Or them by you.

2e0arr

Sea_Shell said:

I'd also be very wary about opening a joint account with siblings, as you would then be financially linked, and your credit history could be compromised if any of them get into financial difficulty.  Or them by you.

absolutely if the siblings fall out then more problems , what could possibly go wrong ? LOL. after all it was divorce that caused this problem. when mum dies the siblings could fall out about who gets the budgie or the cuckoo clock and then the money left in the account..

xylophone

And what have Mum and the siblings been doing up to now? Why do any current arrangements need to change?

I don't quite see how this is relevant to the current question.

It appears that  the siblings have only recently come into their inheritance.

Their mother's means are modest enough for her to be entitled to means tested benefits.

Now that they have some spare cash, they want to help their mother. Very laudable I'd have thought.

They can give her as much as they wish but don't want this to be in the form of a capital sum which would be added to any savings she has and take her over the limit.

Under these circumstances, they perhaps pay for her holiday or her clothes or her gas bill or any other need from their joint account.

What they don't do is give her access to their debit cards/pins because this is against the bank's terms and conditions.

xylophone

What they don't do is give her access to their debit cards/pins because this is against the bank's terms and conditions.

And apart from that very important consideration, could be interpreted by DWP as their having given her the whole capital sum as her savings - in this case, I am assuming that mother could be the subject of an investigation on the grounds that she was concealing capital in the account of another party/parties.

2e0arr

if Dad had died skint then she would have survived. Lots of people surviving on benefits and your hubby and his siblings can still give her cash for a reveille, an occasional guiness , oven chips and margerine

thankmyluckystars

Thank you so much for all your responses. This has just confirmed that our concerns are indeed valid. The sum of money that will be paid into the account for their mothers use (omitting my husbands contribution) will be in excess of 20k. I think our best bet is to offer her the money in cash pointing out that she has a responsibility to disclose it as a gift received and let her decide how she deals with that but we feel convinced not to be coerced into participating in any involvement with their fraudulent bank account.

2e0arr

thankmyluckystars said:

Thank you so much for all your responses. This has just confirmed that our concerns are indeed valid. The sum of money that will be paid into the account for their mothers use (omitting my husbands contribution) will be in excess of 20k. I think our best bet is to offer her the money in cash pointing out that she has a responsibility to disclose it as a gift received and let her decide how she deals with that but we feel convinced not to be coerced into participating in any involvement with their fraudulent bank account.

i think you're wise to avoid this idea hang on to the money and let the others do their stuff

badmemory

Do not pay her a regular amount, do not give her access to this account.  If you are going to go ahead the only way is to pay bills for her.  So if she needs a new carpet or kitchen equipment or whatever then buy that & many children do that for a parent in difficulties (and vice versa).  But a regular payment will be seen as income & how long can that be sustained for.