We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Legalities around paying back gifts of money
Comments
-
Parents aren't perfect, but it sounds as though yours love you, and are trying.
Perhaps you could try a little too, before they are lost to you.0 -
I don't get why people are saying that paying it back is the morally right thing to do. It was a gift. It's pretty morally bankrupt to start asking for gifts back.0
-
-
I don't get why people are saying that paying it back is the morally right thing to do. It was a gift. It's pretty morally bankrupt to start asking for gifts back.
However, if someone gives you what you need when you need it and then is in trouble themselves, it is common decency to try to help.0 -
Voyager2002 wrote: »However, if someone gives you what you need when you need it and then is in trouble themselves, it is common decency to try to help.
The OP doesn't have any money to help them with. "2 years later we are just getting back on our feet" End of moral debate.
OP - to answer the question you asked, if you have described the facts correctly, particularly the handwritten note, legally they don't have a leg to stand on.0 -
I don't get why people are saying that paying it back is the morally right thing to do. It was a gift. It's pretty morally bankrupt to start asking for gifts back.
I think the moral view is not that you payback a gift - but that OP also gifts money to their parents to help them out - in the same way that their parents gifted money to them to help them out. If the amount happens to be the same so be it!0 -
OP's question: Where do we stand, legally?
What the hell has any of this morality stuff got to do with anything?I came into this world with nothing and I've got most of it left.0 -
Malthusian wrote: »OP - to answer the question you asked, if you have described the facts correctly, particularly the handwritten note, legally they don't have a leg to stand on.
That handwritten note does not say whether it was a gift or a loan. Either would have been a welcome help for someone in financial distress. And in her reply, the OP talks about paying it back, she doesn't talk about a gift and neither does she thank her parents.
Ultimately it might be necessary for a judge to decide, not on evidence (there doesn't seem to be any) but on probabilities.I received a hand written note from them at the time outlining they wanted to help us but I also text them expressing how uncomfortable I felt as we probably wouldn't ever be able to pay back the money.
We have a hand written note to this effect- that they wanted to help us out so we didn't have to sell.our home.0 -
pay them. they helped you out. pay them back0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards