A friend has borrowed some money from a relative and has requested that in the event of his death the relative be the first to get their money back from his estate.
Is this possible or would the mortgage company/credit cards/Inland Revenue come first?
Thanks for any help given.
In message , BF
In message , john boyle writes
Sorry, a typo ! this should read "If the estate is insolvent then whatever is left (if any) will be divided between ALL the UNSECURED creditors in proportion of the amount owed "
John
That great, thanks very much for your help.
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