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Part percentage inheritance of parents house
- HelenG77
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4 days 7 hours ago #309130 by HelenG77
Part percentage inheritance of parents house was created by HelenG77
My parents are tenants in common and have made a will. When the first parent dies, their 50% share will be left to me and 2 siblings. The remaining parent will live in the property until they too pass. The remaining parent will not pay any rent and are obliged to pay for upkeep on the whole property.
Will I lose universal credit when the first parent dies?
I think the amount of a 3rd share in half the property is approximately £30,000 or will it be disregarded until the remaining parent dies and the property can then be sold?
Thank you
Will I lose universal credit when the first parent dies?
I think the amount of a 3rd share in half the property is approximately £30,000 or will it be disregarded until the remaining parent dies and the property can then be sold?
Thank you
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- BIS
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4 days 4 hours ago #309136 by BIS
Nothing on this board constitutes legal advice - always consult a professional about specific problems
Replied by BIS on topic Part percentage inheritance of parents house
Hi HelenG77
I'm sorry, but your question is outside the remit of this forum and you need to talk to a specialist welfare advisor. I have included a link below to see what services are in your area.
advicelocal.uk/
BIS
I'm sorry, but your question is outside the remit of this forum and you need to talk to a specialist welfare advisor. I have included a link below to see what services are in your area.
advicelocal.uk/
BIS
Nothing on this board constitutes legal advice - always consult a professional about specific problems
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- HelenG77
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4 days 1 hour ago #309151 by HelenG77
Replied by HelenG77 on topic Part percentage inheritance of parents house
Hi
Thank you.
Thank you.
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