How can my mother legally reduce her savings so that she becomes entitled to housing benefit?
She has moved into sheltered acommodation and just sold her house. She now has approx £100,000 which means her weekly pension/allowance has drastically reduced and she has to pay rent on her sheltered acommodation. Is there legal ways in which to reduce her capital so that she can claim housing benefit?
Quick Property Sale
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May 20th, 2010 at 3:06 am
She can give all her money to me!!
May 21st, 2010 at 9:09 am
Maybe she can give you it as a gift but of course the arrangement is you are just holding it and its not actually yours .
May 24th, 2010 at 3:27 am
if she has 100k in the bank then she should be paying her own way and not trying to milk the system the tight fisted, miserable old witch!
May 26th, 2010 at 8:49 am
or give 1/2 of it to me
May 28th, 2010 at 6:23 am
Make sure they are legal. Appearing in court on fraud charges would not be good at her age.
My mother is in a home and I have encouraged her to use her money for her own pleasure and comfort. It is her money and should stay that way.
May 31st, 2010 at 6:01 am
why doesnt she just use her money to pay the rent until she actually needs housing benefit, like everyone else?
June 2nd, 2010 at 1:19 pm
Ask an accountant but she might be able to put the money in trust for you, I know that the government are moving to stop this though.
June 5th, 2010 at 3:06 pm
I hope not. I know she’s your ma and all but come on, 100K is a nice chunk of change, what does she need to be drawing state benefits for? It’s a safety net, not a hammock.
What are you, a scouser?
heh heh heh…
June 7th, 2010 at 3:31 pm
put the money in your name in a 401k and help her as she needs your help!
June 8th, 2010 at 12:54 am
put the money in your account or she can put it in a pension account but then she can’t touch it until she retires.
June 9th, 2010 at 6:18 am
tell her to place a £100.000 bet on everton fc winning anything ever!
June 11th, 2010 at 1:24 am
shame on you, this is exactly why public housing is short because of people like you