We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 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!

Executor receives Deed of Variation from beneficiary: what to do?

13»

Comments

  • Dodge1664
    Dodge1664 Posts: 54 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Shelldean said:
    The beneficiary isn't trying to divert funds to avoid losing benefits are they?


    What is the point of making such a ridiculous comment? In a word, no. There are legitimate reasons why someone might want to do this if you apply a little thought to it.
  • Shelldean
    Shelldean Posts: 2,460 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Dodge1664 said:
    Shelldean said:
    The beneficiary isn't trying to divert funds to avoid losing benefits are they?


    What is the point of making such a ridiculous comment? In a word, no. There are legitimate reasons why someone might want to do this if you apply a little thought to it.
    Yes I agree there's plenty of legitimate reasons.
    But people often try to divert  the money so they can continue to claim benefits.
    It's actually it's a very common subject on this board. Have a read.

    I asked the " ridiculous " question because  if it was the reason the original beneficiary was attempting to divert the executor could say NO and point the beneficiary to Google "depravation of assets" which is highly frowned upon by HMRC 

    Of course the executor is well within their rights to just say No anyway

  • Dodge1664
    Dodge1664 Posts: 54 Forumite
    Part of the Furniture 10 Posts Name Dropper Combo Breaker
    Even if it were true, the original benefactor is hardly likely to say so. 
  • Keep_pedalling
    Keep_pedalling Posts: 23,429 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Dodge1664 said:
    Even if it were true, the original benefactor is hardly likely to say so. 

    The other potential dander for an executor is that the beneficiary is bankrupt and wants to hide the inheritance from the OR. For safety they should check the register.

    https://www.gov.uk/search-bankruptcy-insolvency-register
★ ★ ★ 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
  • 355.6K Banking & Borrowing
  • 254.8K Reduce Debt & Boost Income
  • 456.1K Spending & Discounts
  • 248.2K Work, Benefits & Business
  • 605.7K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K 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.