PDA

View Full Version : Inheritance Debt


rbcprstn37
Jul 15, 2008, 01:19 AM
I inherited 25% of my family business before my dad died. I later received 50% more of it after my dad died and my brother inherited the other 50% leaving me 62.5% ownership. I now ow my mother $36,000 for the 25% I inherited from my father because she has legal claim to my fathers estate. I cannot afford to pay the amount she is asking. Is there any way out of this debt?

George_1950
Jul 15, 2008, 04:33 AM
Is the business generating enough income for you to pay your mother? Just curious: if the debt is $36,000, how much equity have you inherited?

Fr_Chuck
Jul 15, 2008, 04:38 AM
Well first not sure where your numbers come from, was there a will, did it go though probate, where or when did wife make the claim ?