Legal Question in Wills and Trusts in California
Inheretance
I just received a loan from my mother, with my inheretance as security, or collateral. I need to create a document to attach to said will, protecting my siblings.
Upon death of mother, any unpaid balance of loan is to be taken from my share of the equal distribution of assets among the 6 children. conversely, all repaid debt will rightfully be mine, as if it had never been borrowed.
Asked on 7/08/07, 10:44 pm
1 Answer from Attorneys
OCEAN BEACH ASSOCIATES
OCEAN BEACH ASSOCIATES
Re: Inheretance
That is a prudent idea. It may demand some creative drafting. Contact me directly for assistance.
Answered on 7/09/07, 12:31 pm