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Hi
I'm in the middle of an IVA and a while ago I was named as beneficiary of a will. A small amount, but one that I did not, for longstanding personal reasons, want to accept. The executors and other beneficiaries agreed and a deed of variation was drawn up so that my share was made void and redistributed. However, someone pointed out to me that perhaps the deed of variation could be overruled by the IP, and money requested from me even though I never received anything! It was a decision I would have made even if I wasn't in an IVA. Your opinion would be most appreciated.

Hi gl

My view is that if you decided that you did not wish to be a beneficiary in this will at a time when you were not insolvent, then there is no problem. If this decision was taken when you were insolvent, it could be more problematic. Talk to your IP to see what they feel.

Regards, Melanie Giles, Insolvency Practitioner for over 20 years.

For further details contact me at http://www.melaniegiles.com and view my IVA blog at: http://melaniegiles.blogs.iva.co.uk