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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Refusal of inheritance?
Mishomeister
Posts: 1,090 Forumite
Not sure I am posting it in to a right board.
The situation is:
A son of someone I know has died intestate living his flat in negative equity plus about 15k of unsecured debt. His Estate is negative without a doubt/ can an next of keen refuse to inherit it as it is obviously not beneficial for my friend to inherit any debts.
Many Thanks
The situation is:
A son of someone I know has died intestate living his flat in negative equity plus about 15k of unsecured debt. His Estate is negative without a doubt/ can an next of keen refuse to inherit it as it is obviously not beneficial for my friend to inherit any debts.
Many Thanks
0
Comments
-
Well, if the estate is in negative equity, there is nothing to inherit,
therefore nothing to refuse.
Debts in the deceased persons name are paid from the estate, if there is no estate, they cant get paid, therefore they are wiped out.
But someone needs to do some sorting out.
They really need the help of the CAB or something like it.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
You cannot inherit debts, do not panic.0
-
Debts die with the person. That is debts after their goods have been seized, so you couldn't inherit their car, new telly, CD collection, necklaces.... as they'd be sold to settle the debts. But once the person's stuff's been sold, if there are still debts left that's the end of it.0
-
Did he not have life assurance or a pension from work that pays a death benefit?June challenge £100 a day £3161.63 plus £350 vouchers plus £108.37 food/shopping saving
July challenge £50 a day. £ 1682.50/1550
October challenge £100 a day. £385/£31000
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards