Assets assessment when your home becomes uninhabitable
My Dad (97; living independently) inherited his parents owner-built shack, on the condition that he pass the property onto their grandchildren, when he dies. He has been living there, but now it is uninhabitable & irreparable. It has been deemed dangerous & needs to be torn down ASAP. The land is worth so much that it will now be an asset & he will loose his pension.
Has anyone else had any experience with this kind of situation with Centrelink?
He has no other sale-able assets, income or $$ apart from the pension. 2 of the 6 people who will inherit (including myself) have been counting on our share of the property to finally pay off debts we have (from medical costs, being renters, unable to work for a long time & our only income is the DSP). So he doesn’t want any of his or his brothers’ children to lose their inheritance,
I have contacted Welfare Rights & a friend who works for Cl but they know nothing. But I did find this reference below, to the situation my dad is in.
Unfortunately there are no other details, so I don’t know if & how it will effect how they assess him. Has hasn’t told them he’s moved from his former ‘home’ as he doesn’t want to take the risk of losing his pension & the inheritance.