'Loan to a relative.....$205,398' listed as an asset? Good luck with that.

I have a similar such asset rattling around in my own financial detritus.........not $205K but $20K. I made the loan to a cousin in the early 1980s to help her through university. $20K is a trivial amount to me now but it was not so trivial an amount when I coughed up the money in the 1980s. The cousin graduated from university and now has a thriving law practice in the lower mainland.

I started pressing my cousin for repayment of the loan in the late 1990s but she now denies any responsibility for the loan. Her parents (who witnessed the loan passing to their daughter) died years ago.

I had great respect for my uncle and aunt but I hope to cause at least $20K worth of grief for my deadbeat cousin before I die.

Loan money to family members at your own peril and do not consider an unpaid loan to a family member to be an asset.