The 10 Greatest Self Inflicted Legal Mistakes made by Parents
As your children get older, your childrens’ problems (“CPs”) can become more convoluted than anything that you could have thought up yourself. They can be the type of problem that you contemplated but could not afford at their age. However, there are CPs which you the parents have created. Not because your children could not be bothered to create their own CPs but due to a general parental enthusiasm on your part to encourage your children in their lives. It is these sanctioned childrens’ problems (“SCPs”) which frequently have a legal slant and together form the Ten Greatest Self Inflicted Legal Mistakes Made by Parents: 1. Guaranteeing your child’s loans. If the loan falls into arrears and the Bank calls in the guarantee parents usually protest that they did not know what they were doing (a common claim of parents). The Courts have even accepted this excuse, and now Banks insist on Independent Legal Ad...