
Was It a Loan or a Gift? How Courts Treat Money From Parents in a Divorce
With home prices in the GTA where they are, a lot of couples couldn’t have bought their first house without help from one set of parents. Some families put that help in writing. Many don’t. A wire transfer arrives, the down payment gets made, and nobody gives much thought to whether the money has to be paid back. That question tends to surface only after a separation. Suddenly one spouse’s...
