Providing a Refundable Accommodation Deposit for a parent is a wonderfully generous thing to do, but it need not be so generous that you lose even more on the arrangement.
Refundable Accommodation Deposit
Beware estate planning issues with aged care
As our population gets older (and lives longer), the likelihood that an elderly parent will need to go into a nursing home is increasing.
Funding an aged care deposit with reverse mortgage
In many cases, by using a reverse mortgage loan, the much-loved family home does not have to be sold to fund aged care entry costs.
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