Legal Question in Wills and Trusts in New York

my father gave us kids most of his money. We want to write a note saying that if he every needs the money for a nursing home we will chip in our share of expenses from said money even if some of us spent it and now have to take out a mortgage. Do we need a lawyer to do this or can we just type it up, sign it and get it notarized?


Asked on 11/10/10, 11:43 am

1 Answer from Attorneys
Walter LeVine Walter D. LeVine, Esq.

A simple letter to Dad acknowledging that he gave you money and if he should ever need it, you will give it back/repay it, dated, signed and notarized should do it. You realize that if he intended it to be gift, you are not required to repay it.

Read more
Answered on 11/16/10, 1:40 pm


Related Questions & Answers

More Probate, Trusts, Wills & Estates questions and answers in New York