Rebecca Rosenberger Smolen, left, and Amy Neifeld Shkedy, right, of Bala Law Group. The Role of Inter-Family Loans in Estate Plans
For many reasons, parents may not always want to completely part with gifts of funds to their children until their deaths, and may decide that making a loan would be more consistent with their overall objectives.
February 28, 2022 at 11:30 AM
7 minute read
Trusts and Estates
The simplest way for parents to financially help out their children is to give them gifts of cash, no strings attached. That is sometimes, although not always, optimal from a federal gift and estate tax and Pennsylvania inheritance tax, perspective. However, for many reasons, parents may not always want to completely part with gifts of funds to their children until their deaths, and may decide that making a loan would be more consistent with their overall objectives.
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