Do you live in a retirement village unit? Did you know that…March 15, 2016
John Wesley Gardens Now Re-Launched!August 2, 2016
By Brian Herd, Partner at CRH Law, our Lead Legal Professionals at Heather Hill Pathways.
With age comes wisdom – right? Or, to put it more eloquently, your propensity for silliness is inversely proportional to your age – right?
So none of us, at a mature stage in life, would do these sorts of things would we:
- Delegate our decisions to our children.
- Avoid decisions.
- Marry a second time without a nuptial agreement;
- Or move in with someone (including our children) without documenting the arrangement.
- Make gifts to our children and not record them or change our Will as a result; or
- Make loans to our children and not record them or change our Will as a result; OR
- Not discuss or be sure on what basis we advanced money to our children; OR
- Not be sure of the effect on our pension of doing these things.
- Pay a Refundable Accommodation Deposit to an aged care facility on behalf of our second spouse without properly documenting it.
- Fail to review or renew our superannuation binding death benefit nomination.
- Borrow money from our children without documenting it.
- Think we will definitely die at home.
- Think, or may be even believe, you will never lose your marbles.
- Think you will live forever.
Now that there has been a chorus of resounding NO’s! to this interrogation, just like you, I can sleep well.