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Thanks Terry for your advice . I hope we have most bases covered however based on the valuable feedback here I will revisit this matter when I next meet with my lawyers Steve

Wow my first ever series of posts here and I have to defend myself against a suggestion I may have falsified documents. I am not actually offended by this as I fully understand that getting these processes correct is vital for all of us ..Anytime someone comes on here and comes up with an...

My wife is 55 and I am 63 and we sold 5 fully owned investment properties (4 houses and a retail shop) about 3 years ago so hopefully bankruptcy is not on the horizon:D Although we did not directly "loan" my son more than approx $50,000 a further $100,000 or so was an inheritance that we...

Our unmarried son has a fully owned $300,000 property in his name at age 26 (paid for with some help from us, an inheritance and his own resources) . We had a lawyer draw up a legally binding document that indicated we had "loaned " him $200,000 to assist with purchase of the property at an...