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Dear LFTP March 30, 2020 · 1:07:25 · 18 min

Dear LFTP: the 83-year-old mother and the unpaid family loan

  • Should an 83-year-old mother sue her daughter and son-in-law over an unpaid documented family loan, or forgive the debt?

A host reads a Dear LFTP letter from an 83-year-old mother of four: nineteen years ago her husband loaned her daughter and son-in-law a large sum, documented by a lawyer, to buy a house and pay judgments; repayments dwindled while the couple bought electronics, and now the parents need the money. The hosts debate suing versus forgiving: never lend what you cannot lose, do not drag siblings in, consider the will as the reckoning, and weigh the prodigal son and the shrewd manager against the unforgiving servant. One host quotes Luke 6 on lending expecting nothing in return and tells of lending $80,000 to his daughters as a gift in his mind; another recounts gratefully repaying a $50,000 family loan in Atlantic with interest. The Secular answer: instruct the lawyer to follow through and sue. The hosts' counsel converges on forgiving the debt to pursue reconciliation, while one holds out that responsibility still matters and a contract is a contract.

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