Chapter 13 question

[B. Hardison]

What is the name of your state? KY

What steps do I need to take as the beneficiary of a relatives life insurance policy as I am
currently in a chapter 13? Do I need to report this to the trustee or is this money exempt?
Thank you

 

[GaAtty]

Unless you want to run the risk of being prosecuted for the federal crime of bankruptcy fraud, then you better report it. It is not exempt.

 

[B. Hardison]

Thank you for your reply. My mother has left her home to me and my four siblings. Will my bk in any way affect the way we handle the sale of the house? I want to make sure that my brothers and sisters get their part. Thank you again.