Loans

Note-Worthy: The Business Side of Family Loans

Here is a wonderful way to sow seeds of dissension among your children:  lend money to one of them. To understand the calamity that you have unleashed, let’s go back to business basics. A loan is a transfer of money to someone in exchange for his or her promise to repay it.  The terms should be agreed upon before the money is transferred.  The obvious, and correct, way to handle this...
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