Business

Personal Finance Dilemma: Loaning Money to Family

Updated 2026-06-03 09:35 UTC 1 source Neutral

A financial adviser advises against loaning money to family members, citing the risk of never getting it back and suggesting alternative methods for supporting loved ones.

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MarketWatch

I want to give my brother and his kids $5,000 each. My financial adviser is reluctant. Who’s right?

“In the past I’ve loaned my brother over $12,000, which I’m sure I’ll never get back.”

2026-06-03 09:15 UTC