Undischarged and possible inheritance

philnicandamy

pageu wrote: »

I thought that would be the case, currently my finances have not changed so I will not be informing them, hopefully they are still here for another year and a half. Just out of interest how would they find out anyway?

skylight wrote: »

Has the person actually died??

not yet....:D

pageu

maxmycardagain wrote: »

depends what the inheitance is, cash goes in the bank, if its property it may go on the land regsitry..

if its a run down place in the country, well....

As far as I know its a cash trust fund, but who knows whats coming down, I know most of there money is offshore but that will be going to my mother same with the property, the only other thing that might be included is paintings etc.

Hopefully my Grandparents last but at 95 and 92 you never know.

Am I right in saying that after I am discharged all will be fine on the inheritance side of things

tigerfeet2006

pageu wrote: »

As far as I know its a cash trust fund, but who knows whats coming down, I know most of there money is offshore but that will be going to my mother same with the property, the only other thing that might be included is paintings etc.

Hopefully my Grandparents last but at 95 and 92 you never know.

Am I right in saying that after I am discharged all will be fine on the inheritance side of things

It will all depend when the person dies. If it is before you are discharged then even if you recieve the money etc. after your discharge then the OR will be interested. If they die after discharge then there is no problem.

coolcait

tigerfeet2006 wrote: »

It will all depend when the person dies. If it is before you are discharged then even if you recieve the money etc. after your discharge then the OR will be interested. If they die after discharge then there is no problem.

Absolutely. That's one of the things which holds true whichever side of the border you're on.

what_happens_now?

i thought that even if your financial situation changes after discharge the OR is still interested?

Or is that just if you are on a BRA/BRO?

blind-as-a-bat_2

only if you have an IPA/O not BRA/BRO, but you where close:p at least in england, not sure about further north

And then they can only claim if it is used as an income

what_happens_now?

Yeah thats what i meant to say!

what_happens_now?

only if you have an IPA/O not BRA/BRO, but you where close at least in england, not sure about further north

And then they can only claim if it is used as an income

How do they decide what is used as an income or not?

debtinfo

for instance if you invested it and received an income, or had no other income

property.advert

You'd have to look at the trust and the way it was set up. If just to remove money from the estate of the person setting up the trust then perhaps a problem but if those controlling the trust, perhaps say a discretionary trust, could hold off any distribution until there could be no other claims on it. Or have it paid out in such a way as no-one knows.