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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?
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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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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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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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