Just confirming if you receive an inheritance AFTER 180 days after filing, is the trustee going to touch it? Are they only allowed to touch it if it is received (or the person dies) within 180 days of filing? It has nothing to do with discharge or the date of closing right?
-
-
If someone dies either before the bk is filed or within 180 days after the bk is filed the inheritance belongs to the bk estate. It DOES NOT matter when the inheritance is received (assuming received after the bk is filed). It only matters when the testator dies.
Des. -
Desp already explained it.
The triggering event is the person's death. So, if someone dies either before you file BK or within 180 days of your "filing" BK, the inheritance is property of the BK. Sorry.
There are no exceptions or work arounds.
Now, if the testator (the person who died), did some elaborate estate planning, e.g. generation skipping trusts, etc., that is different. The issue is whether the assets is yours or not. But a straightforward gift/inheritance, that belongs to the BK.Comment
Comment