Inheritance

Discodancer_2

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Mouse1812

30 years ago? that must be some record. Has it been sitting in some trust? If so the trustees might have an some options, but if you are entitled to it now under the trust it is yours.

Unfortunately the only right thing to do is declare it. It is an asset which forms part of your estate which now belongs to the OR. If you do anything else and get caught you will be in big trouble.

Discodancer_2

I will speak to the lawyers tomorrow seems odd that they have only just found the money, I would like my daighters to benefit from it but I don't want to do anything that will get me in trouble.

Discodancer_2

I spoke to the lawyers turns out the money will go to my sister as it was an old bank account so do I still have to tell the OR?

Tsujima

It's best to be safe no matter what anyone says; the risk just isn't worth it...

Discodancer_2

Totally agree honesty is the best policy.

Mouse1812

Why will the money go to your sister? Who does it belong to?

You only have to tell the OR if you are entitled to it as your money. If your sister has a choice who she gives it to that is a different matter.

Discodancer_2

I spoke to the lawyer and my sister only got part of her share when she was 21 so this money is hers not mine.

Papadave

different way things work with bankruptcy in Scotland but I recently inherited some money which meant my £4,200 debts resulted in me having to pay back £9,500 to the bankruptcy office as i had not been discharged which left me with nothing from my inheritance but my debt is paid back and I can sleep at night.being honest is best for peace of mind.

Discodancer_2

All sorted with the OR.