My question involves estate proceedings in the state of: New Jersey
My brother and his wife are borrowing a large sum of money from my parents so they can have a child through a surrogate mother. An agreement in writing about repayment has been written, notarized, and signed. In the event of my parents' deaths, the repayment would be reflected in both my brother's and my inheritance. Sort of like my brother using his inheritance before inheriting it? It is not a part of my parents' will.
I don't know if this is more under the realm of contract or estate law, but I do have concerns about the legitimacy of the written agreement and if it could be challenged in any way like a will or trust. There is a big strain on the relationship between all three parties to begin with. Add this in and it could be a battle emotionally and in court.
Trying to be prepared ahead of time and know what to expect before the inevitable day comes.