Why Your Estate Planner Needs to Know If You’ve Lent Money to Family

Why Your Estate Planner Needs to Know If You’ve Lent Money to Family Many children and grandchildren are skipping the traditional bank and obtaining loans from parents or grandparents. Unfortunately, we have all heard stories of families torn apart because of disagreements over money. So, what can you do to make sure your intra-family loans help — rather than hurt — your family? As far as estate planning is concerned, money you lend to others is legally an asset. If you have lent money to a family member the presence of these assets in your estate can be problematic for [...]