<prompt> Human: My parents have many loansmortgage with high interest rates including some parent loans for my college. I am basically debt free now and can loan my money out to my parents to help pay off their high interest loans.I trust my parents will be able to pay me back. They are the typical upper middle class people who dont splurge on anything.Is there anything that could happen that would stop my parents from being able to repay me? If a disaster happens, would they be able to transfer money to me before the fedsanyone else gets hands on that money?  <response>: If they are the typical upper middle class people who dont splurge on anything why do they still have debt?The number one cause of bankruptcy in the U.S. is medical debt. Older people are much more likely to incur unexpected medical expenses.Its also usually not a good idea to loan money to family members. If you would like to gift them money and they are OK with that, then go for it. Family relationships can get messy when money is involved. 