Florida  |  Wills and Trusts

Legal Question

Asked on: 4/16/12, 1:54 pm

4 kids at 25% ea. /the pr came to the table offering to buy shares at 3,700 and you only recieve 2,000 thousand of the 3,700 hundred. After recieving the 2 thousand, you must pay back 3,700. Is this Usury? Created a loan and attached it with shares owing the estate. Example: One borrowed 15,00o. cash and sold their shares and now owes back over 56,000. to the estate. Another borrowed 6,000 and owes 21,000 to get their shares back. WHAT? Is this a take over during a Will or what? IT should be illegal. Thanks A Million! CC

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