Beneficiary distribution: best practice to check insolvency
Solicitors making distributions from executry estates should ensure that they distribute in the correct way where a potential beneficiary is bankrupt. Searching against the individual for insolvency, protected trust deeds and trust deed adverts would ensure best practice before paying out funds.
Where a beneficiary is bankrupt, it is likely that the trustee appointed to administer the bankruptcy will be aware of the inheritance and may have already been in contact with you. However, in some cases, the trustee may not be aware; a simple search on the Accountant in Bankruptcy's website will avoid a situation where the beneficiary has erroneously been paid their inheritance.