Quote:
Originally Posted by Elarson
I agree about documents. Even if the person is 100% trustworthy, not having things in writing opens up the chance for misunderstandings and damaged friendships.
And if one or both of you passes, what happens to the outstanding balance that is owed to your heirs....and his heirs can claim ignorance of the agreement?
Eric
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I owe nothing to my heirs! I will give them out of my own choice, but as far as owing them something, that is another story.