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inheritance payments.

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4 years 3 months ago #254524 by dbpne63
inheritance payments. was created by dbpne63
Hi All, looking for a bit of advise
I am in reciept of income related ESA.
I have been named as a benificary in the will of a relative who as passed away.
my inheritance will be paid to me once probate is granted and all outstanding matters are dealt with by the estate adminastrators, I have been informed that due to backloogs, coronovirus and complications with the estate that this could take between 12 and 18 months. I will recieve my inheritance from the residuary trust fund which is paid out after all other matters are settled.
the ammount I recieve will put me over the savings threshold.
when do I inform the DWP, now, or when the money is paid into my account. ??
Thankyou

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4 years 3 months ago #254526 by BIS
Replied by BIS on topic inheritance payments.
Hi dbpne63

You only need to inform the DWP when you have the money in your account and you are over the threshold.

BIS

Nothing on this board constitutes legal advice - always consult a professional about specific problems
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