05 Jun 2020
Most parents want to help out their children financially at some point in their lives, whether with college or university costs, their first car, their first step on the property ladder or any number of other things. The financial challenges for many are more acute at the moment, due to the coronavirus outbreak and its impact on the economy, job security, income levels and the availability of loans and mortgages, so more young families may be looking to their parents for help. Whilst the intentions are always good, problems can and do arise, and some may find their way to the courts. So, there are various "Dos and Don'ts" to bear in mind when supporting children financially.
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