Posts Tagged "loan on inheritance"

Can You Get a Loan on Your Inheritance?

Posted on Aug 4, 2016 in Estate Planning, San Diego Lawyer | Comments Off on Can You Get a Loan on Your Inheritance?

Can You Get a Loan on Your Inheritance? Here is a new idea for people inheriting property: You can, in fact, take out a loan on your¬†inheritance! Why would you want to borrow money against your inheritance? Let me explain. It is pretty common for children to inherit a house or houses as part of a parents’ Estate Plan. Sometimes, however, more than one kid (beneficiary) wants to have the house but there is not enough money in the Trust (or Estate) to give the house to one and an equivalent amount of cash to others. So what do you do? How can you make an equal distribution to all the...

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