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
IVA and Inheritance?
cheeseoatcake
Posts: 35 Forumite
Hi all,
I recently got some advice from SC who put me on to Grant Thornton.
After 2 decades of juggling credit cards, loans and remortgage's.
The debts have kept growing and now I'm heading towards 50 I've had to admit defeat and except I can't make the payments.
An IVA has been recommended so I'm awaiting the draft proposal.
My question is my parents have scrimped and saved all their lives never having much in the way of luxury or holidays.
They're not impressed with my financial situation and have decided to change their Will and leave any money to my daughter who is 12 yrs.
They are in their late 70's and not too well. If anything happens to them during the term of my IVA will this cause a problem.
Also if my wife had windfall would this come into the equation, she isn't named on any of my debts and is not included in the IVA.
Thanks for any help.
I recently got some advice from SC who put me on to Grant Thornton.
After 2 decades of juggling credit cards, loans and remortgage's.
The debts have kept growing and now I'm heading towards 50 I've had to admit defeat and except I can't make the payments.
An IVA has been recommended so I'm awaiting the draft proposal.
My question is my parents have scrimped and saved all their lives never having much in the way of luxury or holidays.
They're not impressed with my financial situation and have decided to change their Will and leave any money to my daughter who is 12 yrs.
They are in their late 70's and not too well. If anything happens to them during the term of my IVA will this cause a problem.
Also if my wife had windfall would this come into the equation, she isn't named on any of my debts and is not included in the IVA.
Thanks for any help.
0
Comments
-
Sorry I think I posted in the wrong section..0
-
No worries, easily done I can see you have started a thread on the IVA and DRO board
-- > IVA and Inheritance.
Best wishes
IF"If wishes were horses, then beggars would ride"
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards