My Dads Pension and ENP

tig22

hey all
my dad is quite old and i am preparing for when he passes away , i am curious to know how i acquire his savings pension and essential needs payments when he passes , as i am a lonely child ??

can anyone give advice on this??

thanks

splinter65

tig22 wrote: »

hey all
my dad is quite old and i am preparing for when he passes away , i am curious to know how i acquire his savings pension and essential needs payments when he passes , as i am a lonely child ??

can anyone give advice on this??

thanks

When your dad dies his pensions will die with him ( I’m assuming your fathers wife is dead).
If you are still alive when your father dies then you will be his next of kin so you will be financially responsible for his funeral.
If you do not have the means to pay for his funeral then you can go to the CWO with a copy of the bill and he/she will examine your own financial circumstances and may give you a payment towards the bill.
Has your dad made a will recently?
It would be helpful if he could make a list of where you can find important documents like the deeds to his house, bank/building society/credit union/ post office accounts , life insurance, house insurance etc.

amtc

I presume you mean you're an only child?

Hitman3000

tig22 wrote:

hey all my dad is quite old and i am preparing for when he passes away , i am curious to know how i acquire his savings pension and essential needs payments when he passes , as i am a lonely child ??

You only get whatever your father bequeaths to you. His state pension and essential needs payment die with him.

tig22

yes im an only child , i thought the ENP was giving to you for six weeks after a parent dies ?? and surely his pension saved will be giving to next of kin

wandatowell

tig22 wrote: »

yes im an only child , i thought the ENP was giving to you for six weeks after a parent dies ?? and surely his pension saved will be giving to next of kin

Do you mean the money from his pension that he saved? As in his savings?

tig22

yep

tig22

yep

fepper

tig22 wrote: »

yes im an only child , i thought the ENP was giving to you for six weeks after a parent dies ?? and surely his pension saved will be giving to next of kin

Your dads wife would get his 6 weeks extra pension payment after he passes away but you as daughter wont get that payment,its only for partners

splinter65

tig22 wrote: »

yes im an only child , i thought the ENP was giving to you for six weeks after a parent dies ?? and surely his pension saved will be giving to next of kin

An ENP is not a pension. It’s a once off payment called, in full, an essential/exceptional needs payment.
You apply for it when something unexpected like a fire or a flood or a funeral happens that you can’t plan and save up for.
You won’t get your dads pension for 6 weeks after his death.

beechwood55

Has your father made a will?

sellasheep

beechwood55 wrote: »

Has your father made a will?

She will if she was his carer

Heres Johnny

Hi OP. If you are talking about a private pension fund he has then you need to talk to a solicitor, with your father, about his will and/or a financial planner.

State pension dies with him, so does a private pension in many cases depending on options he chose.

I've done a good bit of work on inheritance and succession planning as a financial advisor and I don't recommend taking advice on an internet forum. It's a minefield. Every case is different, don't take any advice given here as gospel and make any decisions based on it. Could be disastrous. I've seen some completely incorrect advice being given on boards before around things like this.