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Vulnerable Persons Discretionary Trust
RobinHill
Posts: 357 Forumite
Not sure which MSE forum is best for this question but any help and direction appreciated ...
I'm in receipt of UC with LCWRA, enhanced PIP, and I own my own home.
My partner would at some point like to sell her home, buy a share of my property and cohabit. She is my carer and in addition works 23 hours per week earning £13k per year. In doing so however I would lose my UC income.
We would be allowed to sell my property and use both proceeds to buy jointly and maintain a joint UC claim.
However would she be permitted to place her house sale proceeds into a vulnerable persons discretionary trust to which I would be the sole beneficiary, and I would grant her a commensurate share of my property.
Thank you.
0
Comments
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These links may help you.Sounds like quite a lot of legal work required. Don't know what you are planning to do, would avoid benefits being affected.Buying a house to live in jointly would not affect benefits. It is any money left over that would exceed benefit thresholds that would be the issue.
The comments I post are personal opinion. Always refer to official information sources before relying on internet forums. If you have a problem with any organisation, enter into their official complaints process at the earliest opportunity, as sometimes complaints have to be started within a certain time frame.1
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