The economic consequences of COVID-19 mean that family members may be relying more on financial assistance. Lending to family members can result in the loan not been repaid, or an important relationship will be spoilt. We offer some important tips to minimise the downside of inter-family loans including:
1. Identify what type of help you are offering
2. Who you are lending the money to
3. Who is the lender?
4. Register the security
The Securing Loans to Family Members During COVID 19
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