boyfriend law question?

[Moni517]

I am going through a divorce, I have a somewhat large amount of debt at this point, however, very good credit. I have a boyfriend, and he and I are expecting a child, and I called my attorney and asked him if I could take out a loan for my boyfriend for $5100 for a business expense, that could be paid back within a rather quick amount of time. He told the paralegal to tell me that he could not answer that question as to whether I should get a loan for my boyfriend, that would be a question for a business law attorney, and something to do with a boyfriend law. So my question is can I/ should I take out this loan for my boyfriend?? I live in Florida.

 

[I AM ALWAYS LIABLE]

I am going through a divorce, I have a somewhat large amount of debt at this point, however, very good credit. I have a boyfriend, and he and I are expecting a child, and I called my attorney and asked him if I could take out a loan for my boyfriend for $5100 for a business expense, that could be paid back within a rather quick amount of time. He told the paralegal to tell me that he could not answer that question as to whether I should get a loan for my boyfriend, that would be a question for a business law attorney, and something to do with a boyfriend law. So my question is can I/ should I take out this loan for my boyfriend?? I live in Florida.

My response:

Like a bet on a Las Vegas Roulette wheel, if you want to gamble, make sure it is money that you can afford to lose.

Even though you may make him sign a contract, it can cost you as much or more money to enforce the contract than the principle amount of the loan.

So, when and if you "lend" the money, consider it as a tax write-off. Statistically speaking, the Las Vegas odds are that you won't be getting any or all of your money back.

IAAL