Anyone done this ? or know any relevant info
Got a relative who is getting on and is interested in looking to put any inheritance to their (adult)kid who is severely disabled and on benefits, so they don’t lose those benefits into a trust fund
Their initial idea was to use some of the funds to buy the home they’re in so they always have that security, but owning the house would put them well above the £16k threshold that means tested benefits would be stopped at.
Any info would be well appreciated as this is praying on the parents mind. They don’t want to pass on knowing their child might be left in financial constraint.