inheritance query

starbuck

[post removed by moderator at request of the user]

Markmywords

Hi,

You should get professional advice directly.

If you bought a house then they would still treat it as if you had the money. It would just be in a physical asset.

starbuck

Thanks for the reply. If I had the money left directly to me I would cease to claim the means tested benefits. I realise then that we wouldn't be able to claim them again at any point in the future which is why my mother is so concerned about me having the money and stopping the benefits. 

wilko

@ Starbuck,Go and get some financial advice on what is the best way to proceed, your parents need to have professional financial advice to ensure that their wishes are carried out the most tax efficient way. I could give an opinion but it is better to get private indepentant financial advice which will cost you or your parents money but it will be well spent for their peace of mind.

starbuck

Will do, thanks