Recorded Webinar: Minimising Risk in Parent to Child Loans in the Estate Plan

Increasingly, adult children are looking to their elderly parents to fund lifestyle or housing through financial assistance. This session will look at what practitioners need to be aware of when advising clients how to facilitate such arrangements and at the same time best protect both their own interests and those of all family members, including:

• Who is your client? Obtaining instructions and ensuring your client fully understands the process and outcome
• Dealing with potential conflicts of interest, duress or interference from family members
• Gift or loan? Considering intentions on both sides
• Documenting the arrangement – paper trails and agreement necessities
• Are any conditions or restrictions required?
• Security, interest, repayment and other protective strategies
• Updating wills to take loans into account
• Protecting the loan in the event of a relationship breakdown – case studies