Intestate estate leaving a potential 'money pot' of approx £200,000 to be divided by 4 children.
Siblings 1& 2 want to give their share to sibling 4, sibling 3 is on means tested benefits so unable to refuse without falling foul of DWP deprivation of assets rulings
I read that although a person can refuse an inheritance they cannot dictate where it goes so their share wd stay in the pot to be divided by the remaining beneficiaries meaning siblings 3 & 4 share would increase to £100,00 each. Can anyone confirm this?
Would it be different if the main asset a house didn't get sold but given to sibling 4 who would pay sibling 3 for their 1/4 share?.
Ultimately I want to make sure that sibling 3 isn't affected by other siblings giving away their shares.
(This is an addition/update to a previous post)
Siblings 1& 2 want to give their share to sibling 4, sibling 3 is on means tested benefits so unable to refuse without falling foul of DWP deprivation of assets rulings
I read that although a person can refuse an inheritance they cannot dictate where it goes so their share wd stay in the pot to be divided by the remaining beneficiaries meaning siblings 3 & 4 share would increase to £100,00 each. Can anyone confirm this?
Would it be different if the main asset a house didn't get sold but given to sibling 4 who would pay sibling 3 for their 1/4 share?.
Ultimately I want to make sure that sibling 3 isn't affected by other siblings giving away their shares.
(This is an addition/update to a previous post)
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