The Bard’s quote above is especially true when it comes to family members.
So how do you handle the relative who needs help?
First of all, if you’re able, you may want to simply gift the money (no strings attached) to a family member who is truly in need. If a loan is desired by either party, we suggest the following guidelines:
- Estate Planning under the Biden Administration:
What's changing and how to react- April 7, 2021
- Thanksgiving Items - November 25, 2020
- Do you receive Social Security, Civil Service, or VA Benefits:
There's some good news and some bad news- November 23, 2020