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When Lending Becomes a Family Affair

Intra-family loans are certainly a popular topic with my clients.  Just last week I had three separate conversations with clients regarding loans to children. 

Apparently, intra-family loans are popular topic with the financial press, too. Last week I spoke with New York Times reporter Jennifer Saranow Schultz about the pros and cons of parents lending money to adult children.  You can read the entire article here.

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One Response to When Lending Becomes a Family Affair

  1. Rich Colman November 9, 2010 at 8:45 am #

    Virgin Money for a small fee will act as the intermediary between the family members so the payments can be done without the emotional asking for payments etc.

    We have had clients use this process and it worked for them because the parent did not have to ask for payments etc. it was done more like a bank and the third party handled the details.