At my son’s housewarming party, he raised his glass and declared, “My in-laws paid for this house.”

Margaret and I intended to use that money to renovate our aging house and help cover her knee surgery. Still, Ethan was our only son.

I agreed.

But I did not give him the money without protection.

My attorney prepared a promissory note secured by a recorded second mortgage. Ethan signed every page. His first installment was due the Monday after the party.continue reading …