View Single Post
  #3  
Old 12-30-2004, 10:33 PM
webwench
Guest
 
Posts: n/a
In general, it's safe to say that a loan made to family will actually be seen as a gift and not repaid. If you can gift the money, and be ok with being pleasantly surprised in the event it is paid back, you're mentally prepared to make a family loan

Otherwise, I'd go with Botnst's suggestion, especially in the event that providing money could harm your family member (for example, someone with an uncontrollable drug habit).
Reply With Quote