My husband and I had a short sale last year on a rental condo. The debt was cancelled on April 12, 2013. We are trying to prove insolvency.

Two questions:

1. When completing the insolvency worksheet, do I include 529 accounts as assets?

2. My husband lost his aunt on April 10th (two days before the debt was cancelled). She left him a large inheritance. The insolvency worksheets wants assets "immediately before" the cancellation. Do we need to include the assets his aunt left him since she passed two days before the date of debt cancellation? I'm not sure of exactly when he took ownership of her assets - does this happen immediately after a death?



Thank you in advance for you help!