The Age
·general
·2 hours ago
Paying for your partner’s aged care? Don’t make this $750,000 mistake
Australian spouses increasingly fund their partners' aged care, risking significant financial disputes. A common scenario involves one partner paying a $750,000 refundable accommodation deposit, only to face complications when the resident leaves since refunds go to the estate, not the funder. Legal experts recommend formal loan agreements to clarify whether payments constitute gifts or loans.
Summary by Glance · The Age
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