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No. of Recommendations: 8
Lots of good information in this thread.

It's not quite the same thing, but my brother approached my mother for a loan when he was buying a business many years ago. She did loan the money,but stipulated in the written documents that if he had not paid it back, that any inheritance he would receive on her passing would be reduced by the amount of the outstanding debt. This might be something for your father to consider.

My sister and I knew of the loan although neither of us knew how much it was. My brother was up front about it when our mother passed and it all worked out well. He still received a small inheritance but not as much as my sister and I.
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