Chapter 13 bankruptcy and inheritance
My husband and I will be filing chapter 13 bankruptcy next week. I inherited $20,000, along with each of my brothers and sisters each inheriting the same amount. However we cannot touch the money, which is all in a cd, until my mother passes away. My father requested we leave the money as it is and give my mother, who was divorced from my father many years, $300 dollars a month, which is the interest earned each month, to assist her with living costs.
My brother is over the account and sees that the $300 is given to my mom each month. Since I cannot get to this money do I need to let my lawyer know about this inheritance which I cannot touch since it is shared with 4 other sibs.