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Undischarged and possible inheritance

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Comments

  • debtinfo
    debtinfo Posts: 7,012 Forumite
    or they could just alter the will to give it to a different family member and change it back after the discharge, at the moment it is their money and they can do what they want with it
    Hi, im Debtinfo, i am an ex insolvency examiner and over the years have personally dealt with thousands of bankruptcy cases.
    Please note that any views i put forth are not those of my former employer The Insolvency Service and do not constitute professional advice, you should always seek professional advice before entering insolvency proceedings.
  • coolcait
    coolcait Posts: 4,803 Forumite
    Part of the Furniture Combo Breaker Rampant Recycler
    If your grandparents were willing to change the terms of their will, even if it's just until you're discharged, then that seems to me to be a sensible suggestion.

    Holding of distributing the funds wouldn't really address the underlying issue which is that the money would vest in the Trustee if you inherit it before you're discharged. The Trustee can remain in place until all the assets are sorted out, no matter how long that takes.

    Having it paid out in such a way that no one knows would put you in breach of the legal requirement to keep your trustee informed of any changes in your circumstances. And 'others' would know too - solicitors, banks etc.
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