We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Can my brother denounce inheritance so we don't have to pay debt...?
Comments
-
philnicandamy wrote: »Hmm I worked all my life till 3yrs ago & now live as you say "off the state" so your point?
no, your usually just IN a state.......0 -
Moi? as if.....:DWe all die. The goal isn't to live forever, the goal is to create something that will0
-
Oldernotwiser wrote: »This is really what it's all about, isn't it? Your brother's on means tested benefits which he'll lose because of the inheritance.
not the only one is he though
if the eldest wanted he could move into dads old house and pay rent to bros 2+3, and claim it back off the social.....
game set and match!0 -
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.
By the way, this is what our older brother wants, he WANTS to denounce the will, and he WANTS us to drip feed him. He sees the logic in our plan and is happy for us to control his share.
.
You seem to be contradicting yourself here somewhat.Where else to put it?
On the 'Money saving in Relationships & Family' forum
Perhaps Fermi could to the honours?Accept your past without regret, handle your present with confidence and face your future without fear0 -
margaretclare wrote: »Isn't it always 'hard-earned' when it's the older generation's money which is being talked about, and which someone else wants more of.
I don't know of anyone whose money was 'easily-earned'. Unless we're talking of the most recent lottery winner and the like.
It's absolutely pointless saying 'hard-earned' and 'lifetime of hard graft'. To put it into context, I worked from age 16 to 67, so did my DH, and most of that could be called 'hard graft'. But, so what.....Once I have finished with the use of my 'hard-earned' assets I shall not care twopence what happens to them.
MC - you're right, there's no pockets in a shroud so the OP's dad would know that his money and assets would be spent by people other than himself. I hope more older people have a look at the over 50s ski-ing page and get more enjoyment out of their hard earned money themselves." The greatest wealth is to live content with little."
Plato0 -
By the way, this is what our older brother wants, he WANTS to denounce the will, and he WANTS us to drip feed him. He sees the logic in our plan and is happy for us to control his share.
My older brother doesn't know how to budget, he bought lots of useless ©rap and now, generally lives off the state.
If your brother wants to do this, then what's the problem? Just do it. He can give his share back to you and you can drip feed him money and his debts can carry on spiralling upwards and you can continue to treat him like a baby.
On the other hand, you could encourage him and help him to learn how to budget given that he is now entitled to an amount that could make his life easier.0 -
If your brother wants to do this, then what's the problem? Just do it. He can give his share back to you and you can drip feed him money and his debts can carry on spiralling upwards and you can continue to treat him like a baby.
That's my point of the post, if he does denounce it apparently the debtors can still take his share...
Believe me, we've already tried thisOn the other hand, you could encourage him and help him to learn how to budget given that he is now entitled to an amount that could make his life easier.0 -
But why should the money not be used to pay his debts off? It is right and proper that what is owed should be paid. You can then drip-feed the remainder.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
lombrozo, let it go, you can not win this one, even if you did manage to keep it from your bro, all he has to do is go BR, then the OR will force you to hand it over.
Question, your dad wanted this money to be used wisely so may be sad
But would he not be sadder that this gift is causing such a rift?Thats it, i am done, Blind-as-a-Bat has left the forum, for good this time, there is no way I can recover this account, as the password was random, and not recorded, and the email used no longer exits, nor can be recovered to recover the account, goodbye all ………….
0 -
That's my point of the post, if he does denounce it apparently the debtors can still take his share...
So you think he should denounce his share, which will presumably go to you and your other brother, leaving his debts unpaid?
How is that right that he has the means to pay off his creditors what he rightly owes but you would rather he didn't, leaving him to be hounded by his creditors for the rest of his days.Accept your past without regret, handle your present with confidence and face your future without fear0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards