Recorded Webinar: Dodging the Estate Planning Traps with Inter-Generational Living Arrangements

Many families embark on intergenerational living arrangements without due consideration for legalities or the risks of changes in circumstances in the future. This session considers the issues that can arise and provides strategies for how to manage the risks, including:

• Issues around granny flats or annexed houses:

  • managing Centrelink: gifting money and granting a licence to occupy

  • provisions where the arrangements aren’t suitable for either party

  • what happens when the parent moves into a nursing home?

  • should the parental contribution to the granny flat be a loan or gift? Is there security offered?

  • where the siblings are at war - structuring to avoid conflict after death

  • documenting family living arrangements and use of legally binding family agreements

  • oncorporating effective dispute mechanisms and allowing for ‘what if’ situations

• Rights and obligations where younger generation is providing almost full-time care