Hi
I have power of attorney granted by my father.
He is no longer of sound mind and I need to lend him some money for residential care.
Can I sign a loan to him as both lender and borrower (on his behalf).
I will not be charging him interest, and the loan is for his benefit, so I was hoping I was on safe legal ground.
I have power of attorney granted by my father.
He is no longer of sound mind and I need to lend him some money for residential care.
Can I sign a loan to him as both lender and borrower (on his behalf).
I will not be charging him interest, and the loan is for his benefit, so I was hoping I was on safe legal ground.
