Bank of Mom and Dad Offers Great Rates

Banks are being criticized both for insufficient lending and for making too much profit. While some of these claims are dubious, there is one bank indisputably offering ultra-low rates with potentially high lending capacity: the Bank of Mom and Dad. Loaning money to children, whether adolescents or adults, is a valuable way to increase family wealth, provide opportunity and avoid burdensome gift and estate taxes. With interest rates and asset …