loan: You Should Always File a Lien Against Your Child
- 01/27/21 07:09 PM
I am sure you're saying, "Now, why in the world would I want to file a lien against my own child? I trust him/her. We are family." It isn't as crazy as it sounds. I will explain the logic behind this to help you to understand why this is an important step to take when you loan money to your children/family member/friend. Filing a lien when your child/family member/friend borrows money to buy something like a house, car, or for purchasing equipment or other assets to use in their business can protect the asset and both parties. How? If you loan someone money and … (20 comments)
I am sure you're saying, "Now, why in the world would I want to file a lien against my own child? I trust him/her. We are family."
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