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What You Need To Know About Family Gifts And Loans

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What You Need To Know About Family Gifts And Loans

Multigenerational family out for a walk, talking about family gifts and loansHave you ever contemplated helping out a family member or someone you love financially with a gift or loan? While it’s wonderful to be able to help a loved one, especially if they’re in need, it’s important to ensure that you’re financially able to do so. Furthermore, the gift or loan must be appropriately structured for tax and family reasons. Here’s what you need to know about family gifts and loans. 
Can You Afford To Make A Gift Or Loan?
The first question to ask yourself is if you can… Read more

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