Equity I can't access
Mahjerine
Posts: 8 Forumite
Hi hoping for help please
My question is can my means tested benefits be stopped if I have equity that I can't access or use??
I am disabled so my pip won't be effected
My daughter has ASD so her DLA won't be either but we can't live on just that....
My mum recently passed and she's left her home and about £20,000 to myself and two other siblings. I need to sell the property which is valued at 190,000 as I will loose my means tested benefits after probate but my sister refuses to sell!.. what can I do?
My question is can my means tested benefits be stopped if I have equity that I can't access or use??
I am disabled so my pip won't be effected
My daughter has ASD so her DLA won't be either but we can't live on just that....
My mum recently passed and she's left her home and about £20,000 to myself and two other siblings. I need to sell the property which is valued at 190,000 as I will loose my means tested benefits after probate but my sister refuses to sell!.. what can I do?
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Comments
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Who is living in the house?0
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Your sister has two choices. She either buys you out or the house will need to be sold. If she won’t do that voluntarily then you would have to force a sale, but that would cost both of you a good chunk of your inheritance.
If she can raise £75k she can give you that plus the £20k cash then she can do what she wants with the house.
This will certainly effect your means tested benefits so needs to be sorted. Does she understand what the impact her selfishness is going to have on your finances? Who is the executor?0 -
My mum recently passed and she's left her home and about £20,000 to myself and two other siblings. I need to sell the property which is valued at 190,000 as I will loose my means tested benefits after probate but my sister refuses to sell!.. what can I do?
Who is the executor? What does the other sibling have to say about the matter?
https://www.thisismoney.co.uk/money/mortgageshome/article-6511765/My-brother-odds-selling-1m-inherited-house.html0 -
Executors are all three of us.... My brother wants to sell...
If my sister sells all her equity will be eaten up on bills..... plus she has recently been diagnosed with breast cancer so is under pressure herself as she can't work now0 -
What's this?
MAHJERINE
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Executors are all three of us.... My brother wants to sell...
If my sister sells all her equity will be eaten up on bills..... plus she has recently been diagnosed with breast cancer so is under pressure herself as she can't work now0 -
No one is at present mum's only recently passed0
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Why not have a vote?0
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No one is at present mum's only recently passed
Has the insurer been notified?
Your sister is unwell and is unlikely to want the pressure of being a landlord.
Leaving the house empty is unwise - unlived in properties tend to deteriorate - properties need maintenance - bills need to be paid and it doesn't sound as if any of you can afford it.
Perhaps you and your brother could gently point this out to your sister and get on with selling as soon as you can.0 -
Good idea ....0
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Despite being unwell she wants to be landlord ... But for me I'd be getting not nearly enough to live on....0
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