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Weekly payment versus lump sum

  • 23-10-2006 7:46am
    #1
    Closed Accounts Posts: 703 ✭✭✭


    This week a separation order will be sent on my fathers request to my mother. He is apparently offering a house and a lump sum. In March she will become an old age pensioner and currently has no income as my father has stopped making payments. Can he be compelled in the event of a settlement to make regular payments rather than a mere lump sum as E185 state pension is insufficent to run a house..?..even if I assist her it will be a huge struggle. And where can she look for income now? I will pay for her essentials for the moment but she urgently needs an income. This has all hapened vey suddenly. Thanks, Alan


Comments

  • Registered Users, Registered Users 2 Posts: 78,580 ✭✭✭✭Victor


    Well it depends on the lump sum, can it be invested for an income?

    Depending on the size of the house, is selling it an option and moving somewhere smaller?

    How about lodgers under the tax free Rent-a-room scheme?


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