With interest rates perched at historically low levels, many people are feeling the pain of decreased dividends and income from their retirement funds. Others see a silver lining that could prove fleeting if interest rates start edging back up. Because interest rates are so low, it’s an excellent time to be considering whether a family loan makes sense.
Family loans can be used for many purposes and in varied circumstances. This NEET Notes explains why a low interest rate environment is an ideal time for parents to consider being the family bank for a son or daughter purchasing a home, or using the low rate environment to pass wealth to children free of estate taxes.
To read more, please click the PDF below . . .
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