4 ms·
The hardest part about being involved in a life altering event/catastrophe is that even having the preperation you're often blindsided by someone's or some grou
by fellowniusmonk 4y ago
The hardest part about being involved in a life altering event/catastrophe is that even having the preperation you're often blindsided by someone's or some groups avarice.
My father who was financially devastated by people close to him passed on one insanely strong piece of advice that is superior to any fairy tale and saved me.
1. Always have a legal agreement at the start even/especially if it's friends and family.
2. Always have that legal agreement reviewed by your own attorney.
Years later I'm finally getting over the sudden violence and the hostility, but the law made sure their plans to intimidate, force, steal and defraud came to nothing.
- david38 4y agoMy father would have done well to follow your father’s advice
- giantg2 4y agoI operate on the assumption that any sort of loan could end up as a "gift". If I'm going to loan friends or family money I ask myself if I'm OK not getting it back.
- chipsa 4y agoDon't lend more than you can claw back in small claims court. And have a written agreement. The small claims court size limits the potential downside, and the written agreement is proof of intent enough to stand up in small claims, so long as it's SMART (just like goals: specific, measurable, attainable, realistic, and time bound).