7 ways to give your kids money
A trust? A loan? A Deed of Gift? Parents with cash-strapped children may wonder what is the best way to help their kids. Before you open your wallet, you may want to read this.
A trust? A loan? A Deed of Gift? Parents with cash-strapped children may wonder what is the best way to help their kids. Before you open your wallet, you may want to read this.
Nicole Ewing, VP, Business Succession Advisor and Tax and Estate Planner, TD Wealth, tells Kim Parlee a cautionary tale on how family payments could go astray.
When someone gifts money or assets to another, it is not uncommon that a third party may question that transaction and claim it wasn’t intended as a gift. Documenting your intentions through a deed of gift when you make a gift of money is one way to avoid messy legal challenges.