Brother's money in my bank account


F

fido

I receive pension credit and housing benefit. I am also an appointee
(for benefits) for my younger brother who is in a nursing home. His
benefits are paid to me and I am responsible for paying some of his
care home fees out of them. I have opened a separate bank account for
his money. I wanted the account marked in some way to indicate it's
his money. The bank said they couldn't do that. His bank balance is
building up and my wife is worried that his money could affect our
benefits. I have all the paperwork to show it's all above board, so
surely we should be ok?
 
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R

Robbie

fido said:
I receive pension credit and housing benefit. I am also an appointee
(for benefits) for my younger brother who is in a nursing home. His
benefits are paid to me and I am responsible for paying some of his
care home fees out of them. I have opened a separate bank account for
his money. I wanted the account marked in some way to indicate it's
his money. The bank said they couldn't do that. His bank balance is
building up and my wife is worried that his money could affect our
benefits. I have all the paperwork to show it's all above board, so
surely we should be ok?
As long as you have all the paperwork showing money going in and out
then there won't be a problem.

Just keep his money separate from yours and try not to transfer money
between his account and your own, if you can avoid doing this.
 
F

fido

As long as you have all the paperwork showing money going in and out
then there won't be a problem.

Just keep his money separate from yours and try not to transfer money
between his account and your own, if you can avoid doing this.
I thought that would be the case, thanks for the reassurance.

Richard
 
M

Mike

fido said:
I thought that would be the case, thanks for the reassurance.

Richard
As the capital is your brothers it would not affect your claim for PC
however that won't stop the DWP from poking their noses in.

Also I'm sure as his appointee you have only his interests at heart and
would not seek to use his money for anything other than his interest but
will others see things as clearly?

In my experience there's nothing like a family dispute to start
allegations of impropriety. Even if you are behaving entirely
honourably it would be difficult to prove now his finances are meshed
with your own.

If you have a registered Power of attourney you could open an account in
his name, put his money and benefits in there. It makes accounting for
the money much easier, especially should he die and the trustees want
his assets. If you haven't got a POA you could open up another account
in your name, the DWP may still ask about it but it will be far easier
to satisfy them and anyone else that it is not yours.

Mike
 
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F

fido

Do you have power of attorney?
no, it didn't seem worth the hassle and the cost.
You could have an account in his name with you as signatory.
We tried this but Abbey said they couldn't do it without my brother's
authority and signature.
So I have a separate account, jointly with my wife just I case I
become incapable myself (I am quite a bit older than my brother). The
only other person who could have become involved is my sister who
doesn't want to know, (due to past events) although I keep her
appraised of the situation.
 

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