06/06/2026
Most parents think a signed promissory note is the finish line. It's not. In this clip, Kirsten explains the second pitfall her firm sees in trust administration: a properly documented loan from years ago, with no record of what's been repaid. Without a simple payment log — a spreadsheet on the lender's side, canceled checks or equivalent on the borrower's side — the trustee handling the estate may have no choice but to treat the loan as unpaid and adjust the inheritance accordingly. Kirsten's bottom line: when family money is moving, treat it like business and document it like a business would. https://absolutetrustcounsel.com/estate-planning-misses-how-to-document-a-loan-or-gift-to-your-child/
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