u/MelodicMaintenance13

My parents are helping me buy a house - could it be deprivation of assets?

I will be getting some money to buy a flat as part of a divorce settlement. Let’s say £200k. My parents want to help me buy somewhere nicer than I could otherwise afford, and can potentially give me £100k, which will constitute part of my inheritance.

What is deprivation of assets, and would this be it? My dad is 80 and my mum is 73, no serious health issues yet so care is a theoretical vague future thing for the moment, but who knows.

What should I be careful about? I don’t want to screw them over, or myself if I find myself on the hook for the money one day.

ETA thank you so much for your replies, you’re all so helpful. What a great sub.

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u/MelodicMaintenance13 — 5 days ago