QUESTION
Not sure what to look for. Loaned son 12,000.00 to buy house. To repay me when he sold house. He insists that it was a gift. It was not.
Asked on Sep 04th, 2017 on Family Law - New Jersey
More details to this question:
He recently sold his house in may. His wife called me a f**king liar. Stopped communications with me. Not allowed to see my granddaughter. Son lives in NJ. I am in NY.
1 ANSWER
2 Awards
If you do not have any documentation regarding the money being a loan, it is going to be very difficult to prove that it was a loan and not a gift. In fact, sometimes the mortgage company requires a letter indicating that it was gift so you you need to be careful that this was not actually documentated as a gift.
Answered on Sep 09th, 2017 at 7:27 AM
Diana L. Anderson, Certified Elder Law Attorney This response is not legal advice and does not establish any form of attorney/client relationship