What happens to inheritance received during a chapter 13? What if it isn't "willed" to you but your parent and your parent gives it to you as a "gift"
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Any inflow of money is inflow of money regardless of how or why. In a chapter 13, ALL disposable income received from the date you file to the date you are discharged is property of the BK estate.
How much are we talking about and what do you mean a "parents" gift. Did a "grandparent" expire and your "parent" decided to pass some of the decedent estate to you...please provide some background.Last edited by HHM; 05-08-2008, 04:24 PM. -
Yes, a grandparent died and the estate will be divided up to her children (my Father). I don't know if he will pass any of the money onto us, but we haven't told him about our BK because his health hasn't been great and we don't want to cause him extra stress. I don't think it would be more than $5000 at the most....but I really don't know. They could decide not to do anything and just put the money into something for them, but knowing my parents, they will want us kids to have some.Comment
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