Intra-family loans: Options for friendly terms abound in a low-rate environment
Overview
The low interest rate environment presents a number of opportunities to advantageously move assets between family members, including the currently popular practice of intra-family lending. It may seem as if lending within the family can be a casual affair, but those who explore the option should be sure they are taking the right steps to truly create a “win-win” scenario
- Do it by the book
- Investigate creative loan options
- Make the most of existing trusts