Inheritance Question

This is a gruesome but real question. If you receive an inheritance, buy a house with it, and 6 months to 1 year later file bankruptcy, is there ever any problem. If you file bankruptcy and then get an inheritance 1 year later, any issue. Not that I expect anyone to pass away but I have two very elderly and not well parents and would never want to see inherited money go to those credit card collection agency vultures.

A Trustee can go back 1 year before filing bankrutpcy and forward 1 year after the closing of your bankrutpcy in search of inheritances........

If you are going to file, know you may inheirt in the near future, I think you can have a Trust fund set up for all of it to go into..... for at least a year or 18 months after the inheritance is inherited....

You really need to discuss this with a BK attorney and let them give you all the options available to you to help protect this asset if it should come to you during your bankruptcy.......

Keep us posted