Jill Schlesinger > Quotes

“Let’s also note that these kinds of disputes are extraordinarily common. And that’s because many people make a big mistake when they take money from a family member or offer to provide a relative with financial support. They don’t document the transaction and the expectations that surround it. If you’re thinking of asking a relative for financial help, for heaven’s sake, determine if it’s going to be a loan or a gift, and if it’s a loan, detail the terms of that loan. Then write it all down. And record it when the loan has been repaid. If you don’t, all kinds of misunderstandings can occur.”
― Jill Schlesinger, The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life