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Tag Archives: banks

Domani Wealth details pros and cons of intra-family loans (access required)

It has been described by some as the “Bank of Mom and Pop,” the “Family Bank” by others. It’s an intra-family loan, and like the 1966 Clint Eastwood Western, it can be a case of The Good, the Bad, and the Ugly. “It’s a strategy we’ve used for our clients,” said Joseph Marmorato, CPA, and Manager of Tax Planning for Domani Wealth, which has offices in Lancaster, Hanover, York, and Wyomissing.

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