Reply to Elderly father destroying family harmony & his legacy in pursuit of inheritance

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is all very interesting, but can someone explain this to me? So, I borrow money from my mom, and invest it. A year later, she dies. I never paid her back her money. Two years later I receive the return on the investment. I then have to pay the loan back to the estate? My brother would get half the amount of the loan. Right? Why would my brother get any of the profit from the investment?[/quote]

OP has doled out the information strangely and in tidbits, but the money was supposed to be an "investment loan" on the grandmother's behalf, to create an "infusion of capital" to the grandmother herself, not to a loan to benefit the uncle.  So both the amount of the loan and the proceeds from the loan are the grandmother's, not the uncle's.  As she has passed, they go to the heirs and assigns, meaning OP's father and uncle (and any other siblings), equally.[/quote]

Has OP made it clear that the investment was on grandma’s behalf? I thought grandma’s money was considered a “loan” because uncle was borrowing to invest for himself? If the investment was on grandma’s behalf and not uncle’s, then uncle owes dad half the return. If the investment was on uncle’s behalf using grandma’s money, then uncle owes dad whatever half the loan amount is once you convert it into 2018 dollars.  Say the loan was $5000 and the loan was taken out in 1982.  Whatever $2500 from 1982 is worth today, that’s what uncle owes dad.[/quote]

Yes - top of the second page he said "My uncle[b] invested my grandmother’s money[/b] before she died. [b]It was meant to be a short term injection of capital that would be paid back.[/b] My father did not know about the loan until after my grandmother died."[/quote]

wonder what other funny business family members did not know about Uncle + Grammy's money. [/quote]

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