My Dad Borrowed $50,000 and Paid Me Back. Why Was It a Complete Disaster?

Borrow or Loan money from family

Here’s an unusual story: A woman lends a relative a boatload of money. He pays her back. In full. With interest.

End of story, right?

Wrong. Read further.

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Beware the Nursing Home Bandit

Elder financial abuse victim who gave power of attorney to daughter

I’ve never met anyone who was a victim of elder financial abuse.

That’s the nature of the problem.

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The 7-year-old Who Supported Her Dad

Young girl loans money to her father

(This story is about a girl)

Here’s a twist on the usual theme of kids of any age who borrow from their parents.

Mei is an attractive, petite woman in her late twenties who works in the advertising department of a large retail store. A first generation American-born Asian, she told me about regular loans to her father over the course of nearly her entire life.

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