Bank of mum and dad
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Bank of mum and dad
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About this listen
The Bank of Mum and Dad is booming, but without the right planning a generous gesture can turn into a legal and financial headache.
On this episode of the Friends With Money podcast, Money’s Tom Watson is joined by William Moore, partner and head of private client advisory at Hall & Wilcox, to discuss gifts, loans and the potential pitfalls of the Bank of Mum and Dad.
00:00 Introduction
01:47 Family financial support: Trends and options
04:52 Gifts vs loans: Key differences and considerations
10:10 Legal and financial structures for family loans
14:19 Family loans and estate planning
16:46 Conclusion
#friendswithmoney #tomwatson #williammoore #property #bankofmumanddad
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Email Us: podcast@moneymag.com.au
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