Quote:
Originally Posted by Wormius
If I wanted to lend a parent a decent chunk of money, would a lien on their mortgage-free property (placed amicably, of course) be best way of ensuring repayment eventually? I don’t care when I get paid back, I just want a guarantee that I will, without arguing with other heirs about it in the future.
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Is there any other way of them acquiring the money? I ask only because the lien may be seen as an insult to them, I could also see it causing a rift between you and the other heirs if and when that time comes.
I would be asking them to try everything else before mixing finances like that (HELOC on property).