Hope someone can help me get my head around this.
My dad is a very private man. He has terminal cancer and is having to face up to and tell us about various monetary issues.
So dad has a family business. A farm. Was equal share holder with my mum until recently when the gave my brother one third. So each hold 33. %.
Farm has a massive mortgage.
Turns out dad also has 25 grand owing on personal credit cards. That we know of.
On his death (hideous) myself, mum and uncle become executors of the estate.
How do we deal with this. Will the business have to be sold in order to pay his personal debts ( though having said that I suspect assets would cover that) Can my mum sell the farm if my brothers disagrees? They have an uncomfortable relationship.
Feels like the calm before the storm at the moment!
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Legal matters
Family business, personal debt and death.
11 replies
PegEgg · 28/03/2017 07:58
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