📨 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!

Inheritance and bankruptcy

Time2count
Time2count Posts: 175 Forumite
100 Posts First Anniversary
edited 24 April 2024 at 5:44PM in Deaths, funerals & probate
Just a query. A family member is due to receive an inheritance however they've received a letter from the solicitors dealing with the will with a form to sign .
Seems the solicitors did a bankruptcy check and a name match has come up from Feb 2022 so my relative has to declare this isn't them.

It isn't them, only the first name even matches which considering it was 1 of the most popular names for a decade or so in their childhood that's hardly surprising.

My question is though, if it were them would that mean they wouldn't be allowed to inherit? Or would the solicitors have to inform the bankruptcy court so the creditors could have a portion?
I just found that quite surprising.

Comments

  • cymruchris
    cymruchris Posts: 5,562 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    Just a query. A family member is due to receive an inheritance however they've received a letter from the solicitors dealing with the will with a form to sign .
    Seems the solicitors did a bankruptcy check and a name match has come up from Feb 2022 so my relative has to declare this isn't them.

    It isn't them, only the first name even matches which considering it was 1 of the most popular names for a decade or so in their childhood that's hardly surprising.

    My question is though, if it were them would that mean they wouldn't be allowed to inherit? Or would the solicitors have to inform the bankruptcy court so the creditors could have a portion?
    I just found that quite surprising.

    If an inheritance is received during bankrutpcy in England and Wales - it has to be given to the official receiver and is part of the bankrupts affairs - but if it's received after discharge - the now ex-bankrupt can inherit directly as the bankruptcy is 'closed' - there is no further claim on any monies earned or inherited. (I'm not sure if it's the same for Scotland but imagine it is).
  • Keep_pedalling
    Keep_pedalling Posts: 21,015 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    No it would not mean that, once they have proved that this is not them to the solicitors, the inheritance can be released to them.
  • Time2count
    Time2count Posts: 175 Forumite
    100 Posts First Anniversary
    Just a query. A family member is due to receive an inheritance however they've received a letter from the solicitors dealing with the will with a form to sign .
    Seems the solicitors did a bankruptcy check and a name match has come up from Feb 2022 so my relative has to declare this isn't them.

    It isn't them, only the first name even matches which considering it was 1 of the most popular names for a decade or so in their childhood that's hardly surprising.

    My question is though, if it were them would that mean they wouldn't be allowed to inherit? Or would the solicitors have to inform the bankruptcy court so the creditors could have a portion?
    I just found that quite surprising.

    If an inheritance is received during bankrutpcy in England and Wales - it has to be given to the official receiver and is part of the bankrupts affairs - but if it's received after discharge - the now ex-bankrupt can inherit directly as the bankruptcy is 'closed' - there is no further claim on any monies earned or inherited. (I'm not sure if it's the same for Scotland but imagine it is).
    Thanks cymruchris, that explains it. Curiosity satisfied 👍
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
  • 351.3K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.2K Work, Benefits & Business
  • 599.4K Mortgages, Homes & Bills
  • 177.1K Life & Family
  • 257.7K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K 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.