Skip navigation

Delicately Handling Family Loans and Gifts

The devil is in the details when clients help out relatives.

It seems like a simple enough proposition when a client wants to give or lend money to a family member, especially if the amount in question isn’t enough to derail the benevolent client’s financial security. But there are several issues you and your client should consider before cutting the check.


Kevin McKinley is principal/owner of McKinley Money LLC, an independent registered investment advisor. He is also the author of Make Your Kid a Millionaire (Simon & Schuster).

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.