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Oh Haha Oh Haha is offline
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Join Date: Oct 2003
Location: Michigan
Posts: 14,093
Get it in writing!!

it's never a good idea, IMO, to lend money to family but if you feel it's a good deed or even a necessity, go for it. My Mom needed some $$$ to get through a tough time after my Dad passed. We didn't have the funds available but my sister did. As an executor of Mom's estate, I insisted that it be a loan with interest. Things worked out and she was able to pay back the loan in full to the terms of the agreement. Sorry, but in my world, even Mom doesn't just get a gift of tens of thousands of dollars. My .02, YMMV.
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Old 01-31-2008, 01:53 PM
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