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By Lawyers Announcement

Benefitting survivors may lose an asset passed from insolvent estates

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The Estates guide has been enhanced with the addition of some clarification of the operation of the Insolvency Act 1986 when assets pass by survivorship out of insolvent estates. Beneficiaries could be asked to make a payment to the estate within five years of the death if an insolvency administration order is made.
Date
23/12/2020
Update
Benefitting survivors may lose an asset passed from insolvent estates
Region
UK
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By Lawyers Announcement: Benefitting survivors may lose an asset passed from insolvent estates