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Well after all that, we have received a reply in the mail yesterday. "I can confirm that your service pension will not be affected should your children wish to use the equity in your home. As long as you remain residence in your home, this property will be exempt from the assets test for...

That's what I like to hear! We're so alike dannyhc ;) It is, to what extend we're figuring that out along the way too. We'd like to get as much information as possible from DVA so we're better informed before getting the 'expert' advice. Plus, we all live thousands of km's from each other, so...

Speaking to the WA Income Support Unit at DVA today felt somewhat opposite to the last conversations, as noted in above posts. Each scenario I mentioned, she'd counter by saying "we can't give you advice on what you should do. Send us a letter or fax (they don't do email:confused:) advising us...

Thanks very much Joan! Great idea. Just waiting for Dad's written authority to go through with DVA for me to enquire 100% on his file. Got lots more ideas since reading through this forum too to put to DVA.

Hi Twitch Our journey has been productive and prolific for over 10 years now using not just my two feet, but my husbands and the many helpers along the way - be that family, financial JV's & business partnerships. It's been a rollercoaster ride that keeps climbing higher with bigger goals &...

Spoke to Centrelink today. They have nothing to do with Veteren's Affairs in this regard so they can't help with any information. I actually rang twice as I was presuming I'd get a different answer, but no, they suggested only dealing with Veteren's Affairs, then contacting a financial advisor &...

Thanks Nikolina - haven't heard of the 5 year rule but will check it out. They're allowed to give away $30K over 5 years without affecting their pension. Shaneelastic - do those sisters care to share info?! We will DEFINITELY be getting professional advice (accountants / lawyers etc) but...

Absolutely helps! Thank you so much for your contribution. :)

WOW! Very intense & tight rulings, income / asset tests, "deprived assets", gifting information etc It is deemed that the house my parents live in is an asset and whether they sell it, gift it, let us use equity says they then have the means to live off the proceeds so they would no longer...

I have today received an email from Department of Veteren's Affairs & spoken to the Melbourne office. I have given them my parents details & the appropriate department is going to contact us from Western Australia in due course. Will keep you posted.

I / we = myself, my husband, my brother & his wife. We have all dealt in residental investment properties independantly and as married couples. We have not had any "business" dealings together as yet (the four of us). Unfortunately for all of us, we sold most of what we have bought in the...

Their pension is pocket money as their super will cover them for eternity. Everything's on the table for all of us. Everything will be funded from the equity. We're all very comfortable with debt. We've all got life insurance, wills etc. The house is worth over $600K, they want say $200K over 10...

We have wonderful parents who are allowing us to build up our investments by using their PPOR ($600K+ val). "We'd rather be part of your dreams & help with your investing than wait 'til we're dead to take advantage of us!". We're a very close & open family so we discuss everything. We've been...