Posted: Thu Aug 23, 2007 8:56 pm
Let's say my youngest son unexpectedly inherits £85,000 from his godfather.
Obviously the money is his, but I am assuming he would want to:
1. treat us to a family holiday, sort out house which is falling down round our ears(including new bedroom furniture for himself, and en-suite), invest a bit for his future, split it between him and his four sibs and for me, his dad to keep paying into IVA as arranged?
2. or pay off IVA with his money?
If so, I am assuming James will only want his dad to have the minimum amount required to offer a full and final (offering same return as agreed at meeting) and not the whole lot?
A moral dilemma me thinks!
Obviously the money is his, but I am assuming he would want to:
1. treat us to a family holiday, sort out house which is falling down round our ears(including new bedroom furniture for himself, and en-suite), invest a bit for his future, split it between him and his four sibs and for me, his dad to keep paying into IVA as arranged?
2. or pay off IVA with his money?
If so, I am assuming James will only want his dad to have the minimum amount required to offer a full and final (offering same return as agreed at meeting) and not the whole lot?
A moral dilemma me thinks!