John C. asked

⚖️  Law

What is the best way to give my son a loan for a house using my money in New York? I am considering loaning him the full amount of $129,000. What kind of loan would we need to establish, and do we need a lawyer for this? I am aware of the potential tax implications and have no concerns about my son repaying the loan.

June 24th, 2023

Patricia J. answered

To establish a loan for your son to purchase a house in New York, you would need to formalize the lo...

June 24th, 2023

Sign Up to View Full Expert Answers

Create an account to view answers and interact with the community!

⚖️Related Questions

I received a Charging Order from a small claims suit in Nevada, where I am the sole proprietor of an LLC that appears as a partnership on the judgment. The judgment is against me personally, not the LLC, but it states that my LLC is 'unconditionally precluded from distributing funds to judgment debtor Robert Gerstein, in any amount for any reason whatsoever unless and until the instant judgment is satisfied.' I have been using my company debit card for personal expenses and paying independent subcontractors. How does this affect me, and what should I do to comply with the judgment while continuing my business operations?

June 11th, 2024

Can a hospital send a bill to a person who is fully covered by both Medicare and Medicaid, who are on a PPO Medicare Advantage Plan in NC, if the hospital refuses to submit the claim?

October 23rd, 2023

How do I go about fighting a will where our house is being given away by my husband and I have no place to go?

October 31st, 2024

Are we breaking the law if we do not wish to be an administrator for our uncle's estate in California, even if we were identified as next of kin and have the ability to pay?

November 29th, 2023

I had a conversation with the new on-site manager of my 55+ apartment complex in California, where she illegally recorded our conversation without my consent and shared it with other tenants. I'm concerned about potential eviction and unsure whether to report this to the police or contact the property manager. What should I do?

August 7th, 2024