I know that any inheritance that a debtor, who filed Chapter 7 might receive, becomes part of the bankruptcy estate, if the person leaving the money or property dies within 180 days of the filing. Is that correct?
What happens if there's no will? How can a person who filed Chapter 7 ensure that any money or property that could be inherited does not go to the bankruptcy estate?
I could end up in this situation. It's an extremely awkward topic to bring up with the people involved, because I don't know how much money (if any) there is to be inherited, and if there is a will. I doubt there is. The guy may live beyond the 180 days, but he is not well, so I thought I should consider the possibility.
What happens if there's no will? How can a person who filed Chapter 7 ensure that any money or property that could be inherited does not go to the bankruptcy estate?
I could end up in this situation. It's an extremely awkward topic to bring up with the people involved, because I don't know how much money (if any) there is to be inherited, and if there is a will. I doubt there is. The guy may live beyond the 180 days, but he is not well, so I thought I should consider the possibility.
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