UK Family Law
UK Family Law Questions Answered by Verified Experts
Thank you Claire.
I do have a further question but it is completely different. So let me know if I should log in separately to ask it.
My daughter may own a share of what I think is a 'furure interest' in a property (abroad). Part of the freehold is owned by her but she cannot obtain possession until her mother dies. She cannot mortgage or sell the interest and the interest can be revoked in some circumstances. That appears to be disregarded capital by Schedule 10 of the Income Support (General) Regulations (NI) 1987 and Schedule 6 Housing Benefit Regulations 2006. Is that correct?
Interestingly, the regulations for Universal Credit do not appear to exclude 'future interests' so presumably everything is valued and the claimant would need to prove that because she cannot sell it, it has no value. That may not be always true which will leave claimants either in problems or having to pursuade their parents to sell up!
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).