Have you borrowed from the Bank of Mum and Dad to buy your home? What happens if your relationship breaks down?

The important thing to understand is whether the money was a ‘loan’ or a ‘gift’ from your parents.

The Family Court will need to determine whether this money is an asset or a liability when it comes to sorting out the property settlement.

And just as important, has the loan been documented with a Loan Agreement??

There is so much to think of, would you like to speak to a specialist in Family Law? Call us today – 02 6372 3388