Family loans

06/02/2018

As a family lawyer we often have clients who are trying to finalise property settlement with their former partner and have difficulty providing evidence about money that has been advanced by family members to them in the past.

In family law matters, it is not unusual for a client to have been married for say ten (10) years and 9 years earlier their Mum and Dad provided them with loan so that they could pay the deposit on their first home. This then can become an issue about whether the money was a loan or a gift from their parents.

Read the full article on Deborah Awyzio’s LinkedIn

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