The only way to protect such loans is a financial agreement.
The best way is a financial agreement; the next best
is a genuine loan with commercial terms. If you want to give your children money to buy a house, insist on a financial agreement.
Additionally, have a loan agreement and insist on regular repayments, including both
interest and principal. If you have a gold-standard financial agreement, you don’t need the regular repayments.
The financial agreement would enforce the loan. If there
is no financial agreement, the next best option is a proper loan agreement.
Seek a solicitor; don’t just write it on the back of an envelope.
Complete the paperwork before advancing any
money. Ensure both parties are aware of the terms.
Include commercial terms and regular repayments. There have
been significant changes to the Family Law Act regarding property settlements.
The language has shifted from what we would usually discuss. |
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發表於 2026-9-25 05:00:27
