In January of this year I gave each of my 3 children £20000 on the understanding it was an interest free loan, and that they had to pay me back @ £150p.m. I am 74 and not in the best of health, so it's most unlikely, it would not be paid back in full. I don't mind, because they would have inherited it anyway.
However, one of my sons is terribly "tight" and has not set up a standing order. The other two have. I have to constantly remind him about his monthly payment and I'm really fed up. It's not fair to the other two. I gave this money to them, so that there will be little or no inheritance tax on my estate. I have very little income, a small state pension and a small alimony from my ex husband. I really don't know how to approach this. I haven't told the other two . HELP !
