Inheritance and UC

Lemonadedrinker

I am on UC, i work full time and have a disabled child, i rent. I have inherited 1/3 of my parents property. Probate has just been completed, we putting the house on the market immediately. When do I declare my inheritance to Uc please? 

Keep_pedalling

Not until the house is sold and the executors have distributed the estate.

peteuk

Keep_pedalling said:

Not until the house is sold and the executors have distributed the estate.

Surly now that probate is through, the OP owns a third of a property tht they are not living in, so it would be capital.  It can be disregarded for 6 months, whilst you sell it.  Im not sure but you may then be able to extend this, if you've a sale agreed.

http://data.parliament.uk/DepositedPapers/Files/DEP2019-0465/Capital_disregards_v11.0.pdf

Keep_pedalling

peteuk said:

Keep_pedalling said:

Not until the house is sold and the executors have distributed the estate.

Surly now that probate is through, the OP owns a third of a property tht they are not living in, so it would be capital.  It can be disregarded for 6 months, whilst you sell it.  Im not sure but you may then be able to extend this, if you've a sale agreed.

http://data.parliament.uk/DepositedPapers/Files/DEP2019-0465/Capital_disregards_v11.0.pdf

The house is still owned by the estate not the beneficiaries.

RAS

The OP can't actually access any of the I heritance until the house is sold, debts paid and remainder distributed.

If the estate was house plus a substantial cash sum that could be distributed now, then they'd need to declare as soon as the cash was shared.

Lemonadedrinker

Yes there are debts to pay off and small amounts of inheritance to grandchildren to be distributed out once sold