We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Inheritance and means-tested benefits

Options
2»

Comments

  • Newly_retired
    Newly_retired Posts: 3,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Tenants in common, with very specific shares, based on the amount of money originally contributed by each party, not 50:50, and definitely not joint tenants, so thank you, but not relevant here. 
    My question was purely about Deprivation of Assets, as I know there are two or three people on this board who have a good understanding of this. Unfortunately it seems to be one of those areas where there is no definitive answer available, as a Decision Maker will only decide after the event, so to speak. 
  • peteuk
    peteuk Posts: 1,980 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Tenants in common, with very specific shares, based on the amount of money originally contributed by each party, not 50:50, and definitely not joint tenants, so thank you, but not relevant here. 
    My question was purely about Deprivation of Assets, as I know there are two or three people on this board who have a good understanding of this. Unfortunately it seems to be one of those areas where there is no definitive answer available, as a Decision Maker will only decide after the event, so to speak. 
    Property will go to probate, as you've said there is no direction on the property but there is on the estate.  This question has recently been asked in different circumstances and it’s hard to answer.  For the relative to accept the property over money, it may take the agreement of the other two benefactors, even then it may be viewed as Deprivation, only person who can give you that answer is a DM.   By which time it’s already been completed as you cant go to DM with hypothetical situations.

    Is the estate likely to leave them with with £6K or £16K ( if this is in cash it may need to go through probate)  
    Proud to have dealt with our debts
    Starting debt 2005 £65.7K.
    Current debt ZERO.
    DEBT FREE
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.