Legal Question in Wills and Trusts in Florida
Promissiary Note
My father is loaning my brother a large sum of money. He is having him sign a promissiary note. His will is in Florida, my brother lives in Virginia. My Dad is 80 now, this note will be paid by my brother from his inheritance after my Dad passes. Should this note be drawn up in Florida or Virginia? HELP
1 Answer from Attorneys
Re: Promissiary Note
As a result of the specific nature of this transaction I would suggest that the promissory note be drawn out in Florida and specifically say that the expectation is that the note will be paid out of the proceeds of your father's estate. if you would need assistance, please contact me by e-mail to advise when I could call you and at what phone number.I charge a modest fee for the consultation and drafting of the document.
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