Parents are often asked to loan or gift money to their children to help them buy a house.
If that child is married or partnered, then we strongly recommend the parents take steps to make sure that money stays in the family, in the event of a break up.
One way to protect that investment is to require the couple to enter into a prenup or binding financial agreement.
By that means, the loan to your child can be protected as an asset against which the other partner cannot claim.
For specialist advice on this, please make an appointment with Amanda Tomlinson at our office.
