News & Resources

Forbes article “Don’t Bank on it: How Millennials Can Finally Buy a New Home” features Brian Broderick

Forbes

11/8/2015

Parents and grandparents have always helped out their kids financially; this is not new. It’s just that this “perfect storm” of low interest rates and low Millennial liquidity may have mutual benefits that haven’t been explored. Brian Broderick, Partner at Hemenway & Barnes LLP, a Boston legal and fiduciary firm, feels that this is an ideal time to consider this option. His firm advises during the arrangement of an “Intra-family” loan. Broderick discusses in his co-authored article, Intra-family Loans: Options for friendly terms abound in a low-rate environment, to only consider this option if you are willing to “do it by the book.”

To read the full article, click here.

To read the white paper, Intra-family Loans: Options for friendly terms abound in a low-rate environment, click here.

[PDF] Intra-family loans: Options for friendly terms about in a low-rate environment

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