Can we talk about giving family money as a loan versus a gift?

Used to hand my brother cash with a handshake and just hope, but after he paid back only $300 of $1,200 in 2024 I started writing a one-page note with the amount and a date. Now I ask folks: does a written note keep the peace or make it weird? My sister says paper turns family into a bank, and I'm honestly not sure who's correct.

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matthew_reed502h ago

Your sister saying "paper turns family into a bank" sounds nice until you're out $900. A one page note isn't cold, it's just clear, and clear is what keeps folks from getting bitter later. If your brother had signed one in 2024 you'd both know exactly where things stand right now.

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