Can my brother denounce inheritance so we don't have to pay debt...?

lombrozo

Hi,

my older brother has accumulated £40k debt, our parents recently died and we are going through probate. I have another brother and our inheritance is to be split among the three of us.

Our inheritance includes about £50k in cash and a £180k ish house (no mortgage).

Our parents worked hard to give us that inheritance and it makes me sick that they'll be paying off my older brothers debt.

We've tried getting him to denounce the inheritance but apparently that won't make any difference.

Anyone got any ideas?

Thanks,

Simon.

Minxy_Bella

I don't see what business it is of your's how your brother chooses to spend his inheritance that your parents wished to give him.

tanith

I don't see why you are getting involved in what is purely your older brothers business.. he can do what he wants with his inheritance, how does that affect you?

Boozer

I am also confused, it gets split 3 ways, you do what you want with your money, your brother pays off his debts, no loss to you and it gets him back on his feet.

seven-day-weekend

I would have thought you would be pleased that he was getting the wherewithall to pay his debts.

peachyprice

I'm sorry, but I don't understand why you're worried what your brother spends his £75kish on. You cannot make him 'denounce' his inheritance just because you don't agree with his life style choices.

Why do you feel you and your other brother are paying off his debts? It's not making any difference to how much you two get is it? Or do you think because he has made mistakes in the past he deserves nothing and you two should each get £115k each just to punish him? is that what your parents wanted?

This is his chance to pay off his debts and have a fresh start, just as it's your chance to spend your share on anything you choose, be it blowing it on lavish holidays, loose women, paying off your mortage, whatever you choose, how would you feel if one of your brothers didn't agree and tried to take it from you?

POSSETTE

let it be...i inherited 11k a few months ago, i had 2 debts which i paid off fully,my brother has no debts so he banked it and is now stripping out his kitchen to replace it.What difference does it make? bro has what he wants i have car paid for and im £300 a month better off.
What is that gets to you? Is your brother a waste of space etc does he just get more and more debts for nothing?

lombrozo

Personally I think he should face up to his spending habbits on his own and not rely on my parents lifetime of hard graft to leave something for their sons. My dad made it very clear that he didn't want to pay off his selfish sons debts, so I'm just trying to see his wishes through.

jackieb

lombrozo wrote: »

Personally I think he should face up to his spending habbits on his own and not rely on my parents lifetime of hard graft to leave something for their sons. My dad made it very clear that he didn't want to pay off his selfish sons debts, so I'm just trying to see his wishes through.

I'm sorry, but I think if your dad was so set against your brother using the money to pay off his debts then your dad would've written a will stating this.

somethingcorporate

lombrozo wrote: »

Personally I think he should face up to his spending habbits on his own and not rely on my parents lifetime of hard graft to leave something for their sons. My dad made it very clear that he didn't want to pay off his selfish sons debts, so I'm just trying to see his wishes through.

Would the outcome of this somehow end up with you getting a lot more money...?

peachyprice

lombrozo wrote: »

Personally I think he should face up to his spending habbits on his own and not rely on my parents lifetime of hard graft to leave something for their sons. My dad made it very clear that he didn't want to pay off his selfish sons debts, so I'm just trying to see his wishes through.

The executor only has your word for that. If your dad had felt that strongly surely he would have made it clear in his will.