Episode 19: Recording Promises, Loans and Gifts
Description
Danni and Jessica emphasises the critical importance of properly documenting financial arrangements, such as gifts and loans, especially within family dynamics.
They discuss the potential legal implications of failing to document these arrangements, including the risk of disputes and costly litigation.
Jessica and Danni advocate for engaging specialist estate planners to ensure that these arrangements align with overall estate plans and to mitigate risks associated with undue influence and capacity issues.
Highlighting the need for independent legal advice and the importance of clear communication among family members regarding financial intentions.
Chapters
00:00 Understanding the Importance of Documentation
06:13 Engaging a Specialist Estate Planner
11:43 Consequences of Poorly Documented Arrangements
United States
