Using Grandparents Amazing Credit

[Christian Beebe]

So thought I would post this out there as this popped into my the other day and I realized it would be a great discussion.  Let's say you have a grandparent who's credit score is 800+ who is interested in before they leave this earth to help their family do better financially.  Then let's say you already deal with apartment buildings and such and have quite a good amount of experience in real estate.  So would there be a way to utilize this amazing credit score of your grandparent with your already good business and model and experience, to parlay this into obtaining better loans or credit going forward to purchase more assets thereby increasing the success of your family and doing something great to remember your family member going forward.  And in addition, they would smile knowing they helped the remaining generations for years to come they wouldn't know or see.  

Loans, lines of credit, financing, credit cards...any thoughts or ideas how to put this amazing person's score and life to good credit use before they pass on?

Look forward to hearing the responses.

[Charlie MacPherson]

@Christian Beebe This should go without saying, but you cannot invest money that they cannot afford to lose.

You also need to be prepared to deal with heirs after they pass.  You might find that other family members think you took advantage of them. 

There's no faster way to destroy family relationships than to mishandle money - or to have others think that you did.

Money is for the moment.  Family is forever.