We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!

Son/Inheritance

Options
2»

Comments

  • Keep_pedalling
    Keep_pedalling Posts: 20,735 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    edited 16 December 2022 at 11:51AM
    castle96 said:
    How would the Liquidator actually know he has received any monies
    Probate puts the will into the public domain so not that difficult for the insolvency practice  to find out. As Boris Becker found out hiding your assets from the official receiver is a criminal offence and can land you with jail time. In his case it was bankruptcy but the same applies for an IVA. In the case of a bankrupt beneficiary paying an inheritance them can land the executor in deep dodo as it must be given to the OR.
  • Linton
    Linton Posts: 18,151 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Hung up my suit!
    castle96 said:
    How would the Liquidator actually know he has received any monies
    It would have to be disclosed. Boris Becker has just been released from jail after completing his sentence for trying to hide assets from his liquidator.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.7K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture