I borrowed $20K from my mother, and repaid $5K. She has since died. What now?


Dear Quentin,

When we sold our late mother’s house last year for $600,000, the equity was supposed to be divided equally by us four siblings (around $146,000 each). In 1996, I borrowed $20,000 from my mother interest-free to help buy my condo. I promised to pay her back in two years. 

I managed to pay her back $5,000…

Master your money.

Subscribe to MarketWatch.

Get this article and all of MarketWatch.

Access from any device. Anywhere. Anytime.

Subscribe Now

Log In


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *