Ask a solicitor: A family member wants to borrow money - what should I do?

Mixing money and family can be a dangerous business. You need to carefully weigh up the pros and cons, warns rural solicitor Karen Walsh.

Mixing money and family can be a dangerous business. You need to carefully weigh up the pros and cons, warns rural solicitor Karen Walsh.

Dear Karen, 

A family member has asked me for a loan of money to help with funding the cost of setting up his own business. He has asked me for €70,000.