Beneficial ownership
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Peter99
Online 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
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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.0
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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.0
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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.
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