I've been contacted recently by a company saying that I may receive some money from an inheritance. They've not given me an amount but I don't think it's going to be vast amounts but maybe somewhere in the thousands or not much more than ten thousand. I'm expecting this to affect my benefits (I know it affects it if it's over 6000). I want to do the right thing so I wanted to check before I make any mistakes.
How does reducing my benefits work? I know they will expect me to use my inheritance to live on for a bit, but at what point do they stop requiring that? Will it be when my money is reduced enough to be below the 6k limit or is it over so much time?
Am I allowed to spend the money o