Legal Question in Wills and Trusts in California

can i get a loan on my inharidence or will from my grandmother?


Asked on 6/02/10, 3:51 am

3 Answers from Attorneys

Michael Stone Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE

Ask her. What I think you mean is, are there lenders out there who are willing to lend on very unfavorable terms to fools. Possibly yes.

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Answered on 6/02/10, 7:11 am
Jonathan Reich De Castro, West, Chodorow, Glickfeld & Nass, Inc.

It is up to your grandmother if she wants to make you a loan and, if so, on what terms. Very typically estate plans provide that any loans to beneficiaries will be offset against their bequest.

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Answered on 6/02/10, 11:26 am
Frankie Woo Fiducia Legal

I'm assuming your grandmother is already deceased. There are lenders who will lend you money if you put up your inheritance as collateral. These are either called inheritance loans or inheritance advances. However, the interest rate on these loans are very high. Therefore these loans are usually not recommended unless an heir is desperate.

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Answered on 6/02/10, 12:33 pm


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