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left a share in property, will it affect benefits
- lianna
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5 years 5 months ago #240700 by lianna
left a share in property, will it affect benefits was created by lianna
I lost my beloved aunt on Thursday after a short illness. I know for a fact that she has left me half her property, and the rest divided up amongst other family members, one of whom is in Australia until spring so unlikely will be able to sell before then. I will not receive anything until the property is sold, but how does this affect my benefits? The only means tested one I am on is esa non work related. I'm worried they are going to just stop everything. I'd normally research it online but I'm heartbroken and can't concentrate, please can you advise me. I even hate that I'm having to think about money, but I've spent a small fortune on trains up north and back home over the past couple of weeks, and cabs to and from hospital and my dads as I spent every night in my aunt's room.
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- Gordon
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5 years 5 months ago #240711 by Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by Gordon on topic left a share in property, will it affect benefits
lianna
Any equity in the house can potentially reduce or even remove your ESA payments if they are Income Related, the same will apply if you are receiving Housing Benefit.
The following has the basic rules.
Asset and savings rule for ESA(IR)
You will need to argue that any equity is not realisable as it property cannot be sold at this time.
This will not be an issue until your aunt's estate is settled and you actually receive the inheritance.
Gordon
Any equity in the house can potentially reduce or even remove your ESA payments if they are Income Related, the same will apply if you are receiving Housing Benefit.
The following has the basic rules.
Asset and savings rule for ESA(IR)
You will need to argue that any equity is not realisable as it property cannot be sold at this time.
This will not be an issue until your aunt's estate is settled and you actually receive the inheritance.
Gordon
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- an ex nurse
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5 years 5 months ago #240732 by an ex nurse
Replied by an ex nurse on topic left a share in property, will it affect benefits
Hi Lianna,
so sorry to hear of your sad loss. Take good care of yourself.
Best wishes
so sorry to hear of your sad loss. Take good care of yourself.
Best wishes
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