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  • Aug 10, 2010, 09:54 AM
    cjpsych
    Executor
    I am from a family of five. My sister and one brother are co-executors. My parents of 83 years old have finally completed their will and trust. My other two brothers have recently persuaded my parents to take a loan on one of their rental properties (but it will be in my parents name only). At the time of their departure how can we proof this was a lona to my brothers?
    Thank you for any help
  • Aug 10, 2010, 09:59 AM
    ScottGem

    Have the brothers sign a document attesting that this loan was for their use and any balance at the time of your parents death would be deducted from the brother's inheritance.
  • Aug 10, 2010, 10:45 AM
    cjpsych
    No, of course they don't want to. But, my mother has a signed, notarized letter to the executor stating that the loan was for my brother's personal use- will that be good enough?
  • Aug 10, 2010, 10:50 AM
    JudyKayTee

    Who signed the notarized letter? Your mother? If so it's her word about what happened.

    She needs a signed agreement with your brother, also notarized, to make this a debt payable to the Estate.

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