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Navigating the risks of lending money to family and friends

Navigating the risks of lending money to family and friends

Season 4 Episode 47 Published 6 months ago
Description

A handshake or bank transfer may feel quick and sufficient when helping a friend in need. Yet disputes over repayment, interest and even whether it was a gift can arise years later. Family lawyer Ang Boon Yaw from Yeo Marini Law Corporation sits with Andrea Heng to break down how to protect yourself and manage the risk when it comes to lending money to your loved ones.

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