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The use of money acquired from social security for parents?

Answered as per Hanafi Fiqh by ShariahBoard.org
The use of money acquired from social security for parents? Do we have to pay zakat on it?
Whoever the wealth belongs to would have the right to dispense it as the owner pleases. If that amount reaches the “nisab” (an amount that if someone possesses would have to pay zakat) then zakat is also wajib.

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This answer was collected from Shariahboard.org. It was established under the supervision of the eminent faqih of our era, Hazrat Shah Mufti Mohammed Navalur Rahman damat barakatuhum.

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