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    blakespice's Avatar
    blakespice Posts: 3, Reputation: 1
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    #1

    Dec 14, 2010, 01:01 PM
    Federal chapter 7 definition of inheritance?
    If you are in Chapter 7 prior to discharge and you a get an inheritance that is in trust from a death of a family member but you received that inheritance years ago before the death of that family member as a draw or obligation therefore you are not getting an inheritance as you had it years ago are you now required to notify the court saying you got an inheritance?
    joypulv's Avatar
    joypulv Posts: 21,591, Reputation: 2941
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    #2

    Dec 14, 2010, 02:20 PM
    Say that again?
    Are you saying that your inheritance has no money in it now?
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    blakespice Posts: 3, Reputation: 1
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    #3

    Dec 14, 2010, 03:49 PM
    I am saying that I was one of four receiving 25% each of the estate-but I received my 25% five years ago-and now my Father died last week after I filed for Chapter 7 two months ago and I was told by the Court's Trustee to inform the court if I got an inheritance. Does me getting that money 5 years ago now constitute an inheritance that I should inform the court-even if the trustee of my Father's estate has informed me as I already had the money previously I will be receiving nothing further? One of my sisters also received her 25% two years prior-so what is remaining in my Fathers estate will be split up between the last two siblings at 50% each with the four of us receiving equal amounts. I do not want to complicate the disbursement of the remainder of his estate if I do not need to inform the Court's Trustee since I am getting nothing further hence no inheritance from any disbursement now although I did receive it five years ago.
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    blakespice Posts: 3, Reputation: 1
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    #4

    Dec 14, 2010, 04:02 PM
    Comment on joypulv's post
    I already got the money 5 years ago and no money is now due me. I was told to inform the court when I filed Chapter 7 two months ago if I got an inheritance-does receiving no money now constitute an inheritance even though I was named to get 25%.
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    joypulv Posts: 21,591, Reputation: 2941
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    #5

    Dec 16, 2010, 07:27 AM
    Money you received while your father was alive wasn't an inheritance. But I'm puzzled that the will remained the same. Something doesn't sound right, so I don't know. I would either inform the court of all the details to be on the safe side, even if it opens a can of worms, or find out why you still show as getting 25%. Can't use ask the lawyer handling the will?
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