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Beneficial ownership
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Peter99
Community member Posts: 65 Connected
Is this person entitled to a means-tested benefit? Under duress, he invested a significant amounts of money to pay back someone he owed and the investment account is in his name
Comments
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HI,Based on that extremely limited information it's impossible to answer your question and you'll need to give a lot more information. If you're asking on behalf of someone else then i'd advise them to get a full benefits check from an agency near them.I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help.
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In answer to a different but similar question, experts replied that repaying debt is not acceptable unless ordered by court. Depriving oneself of assets to claim benefits would possibly be viewed as criminal. It wouldn't make a difference, in that case, whose name it is in. As your own heading suggests, beneficial ownership would be assumed.
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newborn said:In answer to a different but similar question, experts replied that repaying debt is not acceptable unless ordered by court. Depriving oneself of assets to claim benefits would possibly be viewed as criminal. It wouldn't make a difference, in that case, whose name it is in. As your own heading suggests, beneficial ownership would be assumed.
I would appreciate it if members wouldn't tag me please. I have all notifcations turned off and wouldn't want a member thinking i'm being rude by not replying.If i see a question that i know the answer to i will try my best to help. -
@newborn I think the key word here is the "duress"
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I think as poppy says we would need far more info to give any useful advice2024 The year of the general election...the time for change is coming 💡
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