A 75-year-old man living in a semi-expensive assisted living facility was supposed to receive an inheritance of almost $146,000 when the siblings decided to sell their late mother's home for $600,000 last year. However, he was shocked to find that the mother, in her will, had deducted $20,000 from his payout for a loan he had taken from her in 1996. The man could only repay $5,000 towards the interest-free loan he took to buy a condo. While the initial plan was to repay in whole within two years, he lost his high-paying job, and a string of poor financial decisions made further repayments impossible. The mother didn't take it well. Non-repayment led her to create a will highlighting his son's defaults, supported by a 1996 letter stating he didn't repay the loan. It is the only evidence present. He was shunned by her sister, mother's power of attorney, who stopped talking with him after learning about the financial mess. While the man is upset about the situation, he supposedly needs every cent of his inheritance, mainly because he isn't in good health, and Medicare partly covers his medical bills.
