Can i get a loan from a bank where i have property left to be in a will?

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Can i get a loan from a bank where i have property left to be in a will?

2007-07-09 04:38:56 · 3 answers · asked by Peter D 1 in Business & Finance ➔ Personal Finance

3 answers

A will is nothing but paper and can not be used to secure a loan as it can be changed tomorrow.

2007-07-09 07:19:13 · answer #1 · answered by Landlord 7 · 1⤊ 0⤋

Until the person dies, the will is legally meaningless. They can change the will at any time. They can sell or give away any property before they die. If they have already died, but the estate has not yet been settled, It depends on the bank policies. Their are companies that will buy your interest in the estate, but most banks will not.

2007-07-09 05:14:33 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋

I think you can

2007-07-09 04:42:01 · answer #3 · answered by mohan r 2 · 0⤊ 1⤋