Aging and the Law: Module 7 – Family Financial Arrangements

Family Financial Arrangements - Loans, Legacy, Love & Lies

With the financial downturn and the credit crunch, inter-family financial arrangements are becoming increasingly common - and for many seniors - increasingly dangerous. Many seniors may want to 'keep the peace' in the family and end up providing loans or signing guarantees for their family members. In some cases this makes sense and can work well. In other cases, it can be disastrous for the senior, who has no way of making up that lost money. This seminar will review inter-family family dynamics, consider how to recognize this kind of (often hidden) transaction and how to understand how such a financial arrangement may affect interpretation of the senior's will. This seminar will also provide some tips on how to best support and protect your client.

Learning Objectives:

  1. identifying hidden family financial arrangements - loans and guarantees
  2. learning about the law of 'advancement by portion' - assumptions / misunderstandings about loans and 'the will'
  3. awareness of innocent misunderstandings regarding loans vs financial elder abuse

Step 1: Click the DIGITAL WORKBOOK Button to launch the new online notes tool that you can access and take notes while you are working in the module. You can drag and position this notepad next to the module presentation. When you are done you can print or send your notes to Word. For Foundation Course registrants, this tool replaces the need to print the Workbook PDF. Click Here for more info

Step 2: Resource Material.   Click Below to download and review support material:

Step 3:  Feature Presentation.  Click on ‘Launch’ to load the module presentation:
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Step 4:   Review the Quiz Instructions and Tips.  The option to start the quiz will not be available until you complete the module presentation.


To load the quiz, you must 'Refresh' this page after completing the Feature Presentation lesson.  To Refresh the page, click on the F5 key or click on the reload symbol to the right of the address bar.   Remember -- the quiz will not be available to load until you have viewed the full presentation.

5 questions associated with this module will be downloaded.

You must receive a score of  at least 75% (4/5 questions answered correctly) to successfully complete this module.

If you do not achieve a score of 75% with your first try, don't worry, as you will be given the opportunity to retry the quiz, and another set of 5 questions will be made available to you.

Since the questions are selected randomly from a pool of questions, some of the questions may or may not be the same as the previous quiz.

You will notice that once you have completed a question, the correct answer will be highlighted in green, and any incorrect selection that was made will be highlighted in pink.


  • Although we wanted to create reasonably challenging questions, we did not intend to create 'trick' questions. If it feels like a trick question to you -- please re-read the question carefully and ask yourself what fact or concept is being questioned.
  • This is NOT a timed quiz. Take all the time you need to consider the question and make your best selection.
  • Be attentive to questions asking which statement is NOT correct, or if all statements are correct EXCEPT.
  • If you have read the question carefully, your first impression of the correct answer is usually the right choice to make.

Smile and Relax!  We have provided you with every opportunity to do well.


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