www.iva.co.uk

We are about to go br and need some advice about musical instruments.

My kids have the following
1 x saxaphone bought 2 years ago for £300
1 x Clarinet on loan from my sister
1 x Guitar less than £50 a year ago
1 x Piano Cheap and very old

My husband also plays the guitar and has one worth about £700

Any advice about what will happen to them

Thanks

I would imagine they won't be affected by it - justbe honest with the OR and am sure they will see the right side of things!

Would you consider these instruments as assets?? I only ask because on the forms there is a section to name assets. Things like houses, cars, jewellery and antiques would normally go on there. If you list any item on this section, there is a risk they will be claimed as assets. Remember that any asset that is claimed will be auctioned, which will cost to do, and if the OR will not get enough to make it worth their while, they will usually not claim them. Ordinary household items are not normally seen as assets and would not be listed.
Hope this helps,
xx

Hi
The OR will not be interested in these low value items.I would not list them as assets.
Regards

Thanks
Still concerned about my husbands guitar though. The kids are learning the other instruments so I don't think the OR would take them.

I very much doubt the OR would be interested in your hubby's guitar so I wouldn't bother listing it on the forms as an asset.
xx

No need to mention an asset only worth £50 - unless of course you want the OR to take it away!!! Is he any good?

My husband is very good at the guitar, but his is worth about £700, My son's is only worth £50.
I am worried because the Kid's have lessons on their instruments and would be devastated if they were taken away. I guess My husbands guitar will have to be declared as an asset then? It is definately over £50