Will I lose my late inheritance?
February 9th, 2015 by Questions
My father passed away 4 years ago, but no will was found. I am 19 months into my bankruptcy and due to be discharged in 2-3 months. I have just received notification that there was a will found by a family member. i don’t know the amount of the will or when / if i will receive money. do i report this now even though i have not received money, or report it when the money comes in?
Posted from: British Columbia
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February 09, 2015 at 11:15 am, Desmond West-Chow, CIRP said:
You need to provide the contact information for the executor of your father’s estate immediately to your Trustee. Your Trustee will need to contact them immediately. If there is any inheritance this will be lost, it is considered a non-exempt asset that is unfortunately lost as a result of the bankruptcy. Any monies or property must be paid into your bankruptcy estate (i.e. your Trustee), and will ultimately go towards your creditor.