Many grandparents choose to lend money to their grandchildren. The estate planning needs to specify whether the loan will be forgiven, and their are tax rules that must be followed.
First National Bank of Grandma and Grandpa
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Caring For Generations
by Rebecca W. Geyer & Associates P.C. | Jan 31, 2024 | estate and tax planning, Estate Planning, intrafamily gifts
Many grandparents choose to lend money to their grandchildren. The estate planning needs to specify whether the loan will be forgiven, and their are tax rules that must be followed.