Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Family Relationships
Reply to "Is it wrong to want an inheritance early?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]You could borrow against your future inheritance. It’s basically an unrecorded, interest free loan. In your mother’s will it would stipulate that you receive 400K less unless the amount you borrowed was paid back. This is pretty common, especially when one child receives a large financial gift but the other child doesn’t have a need for it. The parent has to create a document ie letter stating that the 400K is a gift. If it’s written as a contractual loan then it factors into debt to income. By addressing it in the will, it basically protects other beneficiaries in case the borrower does not pay it back. [/quote] This doesn’t account for the many years of growth that 400k would have added to the estate. Not fair to the others.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
