inheritance query

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starbuck
starbuck Online Community Member Posts: 195 Empowering
edited October 2021 in Benefits and income
[post removed by moderator at request of the user]

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  • Markmywords
    Markmywords Online Community Member Posts: 416 Empowering
    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
    starbuck Online Community Member Posts: 195 Empowering
    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
    wilko Online Community Member Posts: 2,438 Championing
    @ 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
    starbuck Online Community Member Posts: 195 Empowering
    Will do, thanks :) 

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