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Inheritance & benefits
- vic
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3 months 6 days ago #298046 by vic
Inheritance & benefits was created by vic
Hi
My Father has sadly passed away & in his will he is leaving me half of his house ,the other half to my brother .
My brother wants to live in the house & buy my share .
We will be going the solicitors & probate soon has its a bit complex his will, i should imagine it will take 6 to 9 months for probate to complete ,then process of brother paying for my share of house .
Going forward with things how will this affect my benefits ?
I am on Esa Contributory based support group with a top up of income related esa .
I get Housing Benefit .
I get Pip high & standard rate .
Will i lose all my benefits or would i still get Esa Contributory based & Pip,
Am i right in thinking the income related Esa & Housing benefit will stop
has over the limit ?
thanks if you can help
Vic
My Father has sadly passed away & in his will he is leaving me half of his house ,the other half to my brother .
My brother wants to live in the house & buy my share .
We will be going the solicitors & probate soon has its a bit complex his will, i should imagine it will take 6 to 9 months for probate to complete ,then process of brother paying for my share of house .
Going forward with things how will this affect my benefits ?
I am on Esa Contributory based support group with a top up of income related esa .
I get Housing Benefit .
I get Pip high & standard rate .
Will i lose all my benefits or would i still get Esa Contributory based & Pip,
Am i right in thinking the income related Esa & Housing benefit will stop
has over the limit ?
thanks if you can help
Vic
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- David
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3 months 6 days ago #298054 by David
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by David on topic Inheritance & benefits
Hi vic,
You will continue to be eligible to means tested Benefits as far as capital is concerned until the executor has distributed the estate. You will lose entitlement when you own assets, capital or investments over the £16000 threshold. However there is an exception if your brother were to be disabled and living in your property.
If you have capital over £16000 though your PIP and ESA C will remain in payment unaffected.
Hope this helps,
David
You will continue to be eligible to means tested Benefits as far as capital is concerned until the executor has distributed the estate. You will lose entitlement when you own assets, capital or investments over the £16000 threshold. However there is an exception if your brother were to be disabled and living in your property.
If you have capital over £16000 though your PIP and ESA C will remain in payment unaffected.
Hope this helps,
David
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- vic
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3 months 6 days ago #298057 by vic
Replied by vic on topic Inheritance & benefits
Thanks for your quick response David much appreciated.
No my brother is in good health & working .
it will be a case of letting the dwp know once monies distributed & like you said get Esa contribution based & pip until my retirement in a few years time .
No my brother is in good health & working .
it will be a case of letting the dwp know once monies distributed & like you said get Esa contribution based & pip until my retirement in a few years time .
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