Meet the Other Phone. Only the apps you allow.

Meet the Other Phone.
Only the apps you allow.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

is this a deprivation of assessts

5 replies

moneyquestion5 · 30/10/2024 17:41

Long story short. Married. House almost paid off. I have 2 disabled children. H is in the process of dumping us and sailing off into the sunset (or wherever there are no caring responsibilities). we do not get UC or anything due to his income and his savings.
I have inherited recently some money and would be able to by H out of the house. I will need, moving forward UC as I cannot work due to caring responsibilities. Would the use of my savings to pay H out count as a deprivation of assessts?

OP posts:
Nonametonight · 30/10/2024 17:44

Generally speaking, buying a house to live in is looked at leniently.

They're looking for spends that you have done in order to have benefit entitlement - it's pretty obvious here that you're spending the money in order to stay in your home rather than in order to get extra benefits

unsync · 30/10/2024 17:49

Make sure you have a financial settlement in place before you buy him out. Otherwise, he could very well ask for some more equity as part of a settlement. Keep your inheritance out of family finances, it should fall outside joint assets if it was acquired close to or after relationship breakdown.

Harassedevictee · 30/10/2024 19:36

No, you are using your money to put a roof over your head.

NImumconfused · 30/10/2024 23:11

Are you looking at buying him out on a 50:50 basis? I'd take legal advice before you do anything - if he's leaving you with all the care of your joint kids and their disabilities do not allow you to work, surely you must be entitled to a greater share of the marital assets in order to take care of them?

Sorry he's putting you in this situation OP, men can be so shit sometimes.

LikeWhoUsesTypewritersAnyway · 30/10/2024 23:19

I think you will be fine @moneyquestion5

From SCOPE.

A benefit claimant is allowed to use inherited money to buy a single property to live in, and the purchase is not considered to be deprivation of capital.

BENEFITS AND WORK say similar. So does SHELTER.

If you are on Income Related ESA however, you may have some of that taken away if there is any of the inheritance left after you have bought the property.

New posts on this thread. Refresh page