i inherited a house from my mother 3 years ago . How much to put in my name -on disability pension so dont have much $$$$ - also if i wanted to sell do i have to put in my name - mother had will leaving house to me ?

Hi Bill,

This is an interesting one. If you inherited the house three years ago, who's name is it in now?

You are supposed to notify Centrelink of your inheritance within 14 days of you being able to access it. If you choose not to access the inheritance and instead leave it in your mothers estate that doesn't matter - as far as Centrelink are concerned it's still your asset. If Centrelink find that you should have notified them earlier & you didn't they will likely ask you to pay back any over payment of disability support pension.

The outcome here will depend on who occupied the house following your mothers passing. Did you occupy it, was it rented out or did it sit there empty?

Given the inheritance occurred 3 years ago, there may now also be tax consequences on selling. Again this will depend on who occupied the house?

Sorry, I've given you lots of questions and not too many answers. You need to sit down and work through this with people that can help you get the best outcome an accountant, an estate planning lawyer & a financial adviser would be my suggestion.

Let me know if I can help any further.

Regards
James