Inherit property - lose benefits

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  • steve111
    steve111 Posts: 11 Forumite
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    Putting the property and money into a Trust will I think be impossible in the time frame for my mother's end-of-life.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
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    the will changes could do the trust but needs specialist advice.

    if seeing a solicitor to make the changes anyway it may be worth asking what they think, there are a couple of simpler options but probably a complication too far at this time and not sure it would really make things much different.

    The primary issue seems to be do either of you want to live there.
  • steve111
    steve111 Posts: 11 Forumite
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    Neither of us wants to live there in the long term. If I inherited I would either sell it or spend a little on refurbishing/redecorating it then let it. The rental income would either go to me or perhaps be split 50/50 if we inherited the house jointly.
  • Keep_pedalling
    Keep_pedalling Posts: 16,641 Forumite
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    steve111 wrote: »
    Neither of us wants to live there in the long term. If I inherited I would either sell it or spend a little on refurbishing/redecorating it then let it. The rental income would either go to me or perhaps be split 50/50 if we inherited the house jointly.

    It would be better for you to inherit the money and your sister the house. She would then have a home and security and it won’t emmediately effect her benefits. She could sell up later and buy somewhere more suitable.
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