NewsBite

When bank of mum and dad comes with interest

When bank of mum and dad comes with interest

Retirees are increasingly expected to live with, care for and financially support older and younger family members. Here’s your guide to avoiding strife when it comes to wills, means testing and elder abuse.

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Sue Putnam is typical of a new wave of retirees who are living with – and helping to look after – three or more generations of their family.

Putnam, who for years provided assistance to her ageing parents, has moved into a purpose-built multi-generational home with her daughter’s family in Queensland’s Palm Grove.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Duncan Hughes
Duncan HughesReporterDuncan Hughes is a Walkley award-winning personal finance reporter, based in our Melbourne newsroom. Connect with Duncan on Twitter. Email Duncan at duhughes@afr.com.au

Latest In Personal finance

Fetching latest articles

Original URL: https://www.afr.com/wealth/personal-finance/families-that-pay-together-how-to-get-multigenerational-living-right-20240516-p5je7o