Financial Gifts and Loans
Common legal problems older people can avoid.
This information is current at February 2015
When money passes between family members, it can sometimes be hard to prove that it was a loan and not a gift. In case of a loan, legal action can be taken to retrieve the money if it is not repaid. Find out about time limits, what to do if money was not given freely and what to consider before lending or gifting money to family members.