 Saving you money, I'm Hilary Barsky. Giving a loan to a family member or friend can be a tricky situation and could raise just as many problems than trying to solve. Oftentimes, loans between family members, perhaps from an older person to their children or grandchildren, may be best with the help of financial advisors. Financial experts also say think through all the various scenarios that could arise after the loan is agreed to, like potentially causing damage to your relationship.