We are borrowing money from my aunt . We have an agreement to pay back the loan in 5 years . The loan will take effect in FL .

Asked over 1 year ago - Melbourne, FL

My wife has a future inheritance from her mother in MA. When she dies if the loan is still in effect my aunt wants to be able to attach that inheritance to reduce or pay off the loan. Is this possible?

Attorney answers (1)

  1. Frank A. Natoli


    Contributor Level 20

    Answered . Hi,

    I would consult an estates, wills attorney in either FL or MA to cover all your bases, but absent some action like setting up a trust I do not believe this will be possible.

    Your wife cannot attach money that she does not have unless her mother permits it. But this would merely be a gurantee then. That is, the loan secured by your mother-in-law assets, which of course is possilbe.

    Remember too that things do not always work out like we plan. There is always a chance that this estate has some issues and they may frustrate your objectives.

    Best regards,
    Natoli-Lapin, LLC
    (see Disclaimer)

    The law firm of Natoli-Lapin, LLC (Home of Lantern Legal Services) offers our flat-rate legal services in the... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.


Ask now

24,426 answers this week

3,210 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

24,426 answers this week

3,210 attorneys answering