How to give a loan to a family member?
Back when they were feeling flush, many well-off folks made gifts of cash or stock to their adult children without much hesitation. Now some are reluctant to give, worried that they won’t have enough left for their own retirement or that their children may become too dependent on handouts.
Some parents make loans to their children to start a business, buy a new car and pay income taxes. But they tell them, ‘I want you to get the money back.’ Even parents who …
