My uncle passed away last year, she never said a word about this loan until the IRS put a lein on his property because she never paid the taxes when she took it from his IRA. I have no copy of this contract, she has no copy, and her son won't answer my calls. I spoke to a lawyer and they pretty much told me to forget it. This has to be illegal. She told me it was a 5 year loan with 10% interest, which should be due next year. But since he won't talk to me about it now I'm sure he thinks it's his free and clear. My uncle wasn't a rich man and didn't just give money away, he wanted to save all he could to leave to his sister, my mother. I don't have the money for lawyers unless I knew we could get the money. But I can't just let her get away with this. On top of the tax penalties interest and now a lein I am completely at a loss. Any advise anyone?
Excuse me for asking this but what type of lawyer did you speak to? Perhaps you need one with a different speciality.
Is the financial advisor a CPA? Bookkeeper? Accountant? Appear to have a ligitimate business? Go after the Advisor.