Supporting your children rarely ends after they become adults. However, if it's not clear whether the money is a loan or a gift, conflicts can arise if the parent dies and their estate enters probate. If it's not in writing, the beneficiaries are left to figure it out on their own, or the court must step in and decide. Read the full article here: https://www.oflaherty-law/learn-about-law/gifts-or-loans-to-future-beneficiaries
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This article discusses how to handle gifts or loans to children already listed in a will or trust. We will answer the following questions: How to clarify a loan versus a gift?, What happens if my beneficiaries think a loan is a gift?, What evidence is admissible to clear up any confusion?, and How do I avoid my children fighting about loans or gifts after I die?
**None of the content in this series is intended as paid legal advice.