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If you are serious in protecting your interests in family assets, make sure you keep records of all important transactions.
PHOTO: ST FILE
If you are undertaking a transaction involving relatives or friends, make sure you protect yourself by putting all the important terms and conditions in writing.
Even if it all looks straightforward and amiable at first, things can go awry in the best of families, and failing to have the details down on paper can be costly, especially if one party later backs out or comes up with another story about the transaction.
