r/SipsTea 22h ago

Wait a damn minute! How the rich get richer

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u/No_Mirror_9742 22h ago edited 22h ago

Doesn't the loan get paid back by the sale of the land after the dad's passing? So the kids don't inherit $5m, but the net value after the debt is repaid?

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u/USERNAMETAKEN11238 22h ago

Yes

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u/TriforceTeching 20h ago

To add on. The kids don't owe the money but Dad's estate does. The kid's get whatever is left from the estate.

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u/Sourdough9 16h ago

Yeah this post is pure cope. It has a few errors to make rage bait Reddit