My question involves estate proceedings in the state of: Idaho
If a beneficiary owes money to an estate and also received money as a gift (other beneficiaries are suppose to receive a gift but haven't yet), can the executor calculate it in when dividing up the inheritance? What if the amount owed and the gift are common knowledge (several witnesses) but not legally documented?
This scenario hasn't occurred but could likely happen. Should the person who loaned the money get legal documentation like a promissary note both for the amount owed and the gift?