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

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