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!