Gift or compensation
Can a family member pay off a car loan for you as a a gift or compensation for taking care of their children ''free of charge'' and 4 years later expect payback, now calling it a loan
Asked on 6/02/08, 7:55 am
1 Answer from Attorneys
Michael Markowitz
Michael A. Markowitz, PC
Re: Gift or compensation
The way you word your question the answer is no. However, documentation and statements made by family member may deem it otherwise.
Mike.
Answered on 6/02/08, 9:00 am
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