<prompt> Human: I am proposing the idea to my siblings 6 of us that we start a family fund. Proceeds from the fund could go towards a business idea or personal loans etc. I know its generally a bad idea to mix finances with family, but my aim is to have terms and conditions that each person agrees with in relation to the fund.Challenges Contribution Amount - needs to be small enough that each person can afford it comfortably but significant enough to add up over time.Members dropping out - preferably would want to have no one changing their minds after the first couple years so stiff penalties for dropping out like no money back?Investments and loan disbursement - Who will be responsible for making these decisions.Fund management - who gets control of the fundsMy family is not strictly located within the US, so contributions will be coming in from all over the world. I would like to reduceeliminate any transaction fees.Do I just open any bank account or do some financial institutions offer personalizedcustomized solutions that we could benefit from. What are some suggestions you have to govern and implement such a fund. What are some things money from the fund be used for and NOT be used for?THANKS  <response>: What are some suggestions you have to govern and implement such a fund.Dont do it. 