Financial Arrangements Between Older Adults and Family Members: Loans and Guarantees

This 
report sets 
out
 recommendations 
to 
protect 
the
interests 
of older 
adults 
who
 wish 
to 
use
 their
 assets 
for
the 
benefit 
of 
younger 
family 
members, and to raise
general awareness
about
 the 
pitfalls 
associated 
with 
loans
and 
guarantees, and 
how
 they
 can
 be 
avoided.

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produced by
Canadian Centre for Elder Law (CCEL)
produced in
2004
last reviewed
November 2004 i Last date reviewed by a qualified expert to ensure content up-to-date. See "Tips" in Clicklaw content criteria (bottom of pageside menu) for details.
resource type
reports & documents
tags
loans, financial arrangements, older adults, seniors, guarantees, abuse & family violence, debt, contracts, unconscionability, fiduciary duties, non est factum, undue influence, suretyship and guaranty, consumer, consumer protection