Navigating the risks of lending money to family and friends
About this episode
The episode discusses the risks and legal considerations of lending money to family and friends.
A handshake or bank transfer may feel quick and sufficient when helping a friend in need. Yet disputes over repayment, interest and even whether it was a gift can arise years later. Family lawyer Ang Boon Yaw from Yeo Marini Law Corporation sits with Andrea Heng to break down how to protect yourself and manage the risk when it comes to lending money to your loved ones. See omnystudio.com/listener for privacy information.
People in this episode
Host: Andrea Heng
Guest: Ang Boon Yaw
Topics covered
- lending money
- family disputes
- financial advice
- legal risks
- personal finance
Keywords
- lending
- money
- family
- friends
- repayment
- legal advice
- disputes
Mentioned in this episode
Organizations: Yeo Marini Law Corporation
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