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Reverse mortgages 15 Aug 2016

Oldies often run out of money and they are sometimes helped by their children.

There’s usually an understanding that when the parents die, the children will be repaid out of the estate. These arrangements should be documented. Otherwise disputes can occur as to who lent money and how much.

A new business has been created to take care of family loan issues. If you’re interested, go to the website www.familyloans.co.nz

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