and the will states it is to be sold and divided equally
Can the executors rent the property out if not all beneficiaries are in agreement?
My husband is a beneficiary, who feels he is now caught between a rock and a hard place.
"the inheritance is on the horizon"
Its not. Its here, its real and tangible.
If he chooses to lie about his affairs ( and this would be classed as a prospective asset) , he is on serious risk of his whole PIA going up in flames
I imagine he is not the first to think that conveniently ignoring/ forgetting assets is in any way compatible with getting a break from his creditors.
There is established case law that an insolvent debtor cannot "disclaim" or "renounce" an inheritance. He must take it and make it available.
What happens if the house doesn't sell before the beneficiary exits the PIA in 2020? How is that dealt with in a PIA ?
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