Settlement of son's estate.

Questioner

Have a family mortgage and daughter borrowed money to buy a house. However, the borrowed amount also includes slightly less than half for my son. In the event of my death, I am single. How can I legally validate the portion to which my son is entitled? I do have a will in which they are both heirs.

Lawyer

If you want to guarantee that the amount borrowed by your son will be settled correctly upon your death, it is advisable to specify this clearly in a will. An experienced notary can help you with this. It is important to specifically state how much money you have lent to your son and under what conditions. It may also be helpful to include what has already been repaid to avoid any future disagreements or misunderstandings after your death. It is also possible to include a so-called legacy in your will, this is a provision in which you grant a specific part of your estate to a certain person, in this case your son. However, this must remain within the limits of the legitimate portion of the children. In your situation it is advisable to engage an expert who can provide you with specific advice based on your personal situation and wishes. Also because inheritance tax can play a role in your situation. It is therefore advisable to contact a lawyer or a notary to continue with this. ---------------- Stichting Rechtswinkel.nl is a national organization with students and volunteers. The above advice is based on limited information and may be incomplete or even incorrect for your situation. Always consult a lawyer or attorney for your further steps. Read disclaimer: https://rechtswinkel.nl/disclaimer I would like to invite you to rate the above answer so that we can learn from your response. Can we help you free of charge or refer you to the Divorce Shop? Call us during office hours on 040 2350422