Inheritance Dilemma

poppy12345

CarefulSheila said:

If you own your own home you can get benefits, and if you have a pension you can get benefits. There are disregards with capital such as house and pension.

I looked it up online and got it confirmed by the dwp on the phone.

As long as you are not taking an income from the pension. It's disregarded because you won't need to claim as much when you are retirement age.

The home in which you live in is disregarded. Pension is a pension pot is disregarded for means tested benefit. If you draw down the pension then it's a different story. I wouldn't advise anyone to ring DWP for any benefit advice.

CarefulSheila said:

Now researching capital disregards.

Looks like you can get a life insurance policy and a funeral plan.

Still looking for the bit about giving a child money for their own house, came across that twenty years ago.

The Entitled To site is useful.

Giving any money away to anyone including a child, even if it's to buy a house is definitely classed as deprivation of capital for all means tested benefit. I'm not sure where you "came across" that but it's not correct.

You really should be careful what advice you're giving on a forum because some of it isn't quite correct.

frayedknot

Spoonie_Turtle said:

pbartlett said:

Your partner could investigate moving into the property and paying his brother market rent for their half. You could see if HB would cover this rent.

Already mentioned and dismissed in one of the first replies on the thread.

It may have been dismissed but was it correct. The brother doesn't own a flat he owns half a flat, in the same way that some people own half their house and pay rent for the rest. As long as it's all official and above board I don't see why hb would be refused. Would they refuse it on a partially owned property?

poppy12345

frayedknot said:

Spoonie_Turtle said:

pbartlett said:

Your partner could investigate moving into the property and paying his brother market rent for their half. You could see if HB would cover this rent.

Already mentioned and dismissed in one of the first replies on the thread.

It may have been dismissed but was it correct. The brother doesn't own a flat he owns half a flat, in the same way that some people own half their house and pay rent for the rest. As long as it's all official and above board I don't see why hb would be refused. Would they refuse it on a partially owned property?

Whether it's half a flat or a whole flat the same rules apply. If the capital involved is more than £16,000 then you're excluded from claiming means tested benefits.

Spoonie_Turtle

poppy12345 said:

frayedknot said:

Spoonie_Turtle said:

pbartlett said:

Your partner could investigate moving into the property and paying his brother market rent for their half. You could see if HB would cover this rent.

Already mentioned and dismissed in one of the first replies on the thread.

It may have been dismissed but was it correct. The brother doesn't own a flat he owns half a flat, in the same way that some people own half their house and pay rent for the rest. As long as it's all official and above board I don't see why hb would be refused. Would they refuse it on a partially owned property?

Whether it's half a flat or a whole flat the same rules apply. If the capital involved is more than £16,000 then you're excluded from claiming means tested benefits.

I also thought it would be a massive issue with it being his brother and being a contrived tenancy - which considering the agreement would likely be in place in order to be entitled to help with housing costs, it probably would be.